69765
Effective Jan 1, 1995Amended by Stats. 1994, Ch. 485, Sec. 6. Effective January 1, 1995. Repealed conditionally by Stats. 2007, Ch. 184, Secs. 2 and 4.
- (a) The commission shall guarantee any student loan made pursuant to this article in the amount specified in federal statutes and regulations.
- (b) The commission shall establish the ratio of reserve funds to loans outstanding.