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AB 2286 – Authorizes The Student Aid Commission To Receive Donations And Philanthropic Funds
AB 2286 authorizes the Student Aid Commission to receive donations, bequests, grants, and philanthropic funds subject to conditions set by the Commission’s Executive Director, and subject to approval by the Department of Finance. The bill requires that beginning January 1, 2024, at the first regular Commission meeting of the calendar year the Commission must publically report (1) the source and amount of the gift received during the calendar year immediately preceding the reporting deadlines and (2) the purpose for which the funding was used.
(AB 2286 adds Section 69514.3 to the Education Code.)