The insurance premium rate shall be reviewed annually by the Loan Study Council, or its successor, and a recommendation shall be made to the California Student Aid Commission for consideration in resetting the insurance premium rate. The Loan Study Council, or its successor, shall review the revenue and expenditure forecasts of the Federal Family Education Loan program administered by the California Student Aid Commission and make recommendations to the Commission related to the fiscal soundness of the reserve fund.

Note: Authority cited: Section 69763, Education Code. Reference: Sections 69761.5 and 69769.5, Education Code.

History

1. New section filed 7-17-97; operative 7-17-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 29).