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Chapter 1. Golden State Scholarshare Trust Program Account Information   

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(a) Annual Report. The account owner shall be mailed an annual report on or before March 1st of each year following the calendar year in which the account was initially opened.

(b) Account Information for Distributee. A distributee shall be mailed a statement of earnings, on or before January 31st of the year following the calendar year in which the distribution was made.

(c) Demographic Information. The program administrator or his or her designee may request, gather, and maintain demographic information regarding account owners and designated beneficiaries in the Scholarshare program, such as gender, ethnicity, geographic location, language, and general income level, in order to improve the administration of, and services provided by, the Scholarshare trust program. Such information may be voluntarily provided by the account owner in a manner approved by the program administrator.

(d) Information Security. Any information compiled pursuant to this Section shall be maintained by the Board and protected consistent with the requirements of the Information Practices Act of 1977. (Civil Code Section 1798, et seq.)

Authority cited:

Education Code 69981(d)

Education Code 69982(h)

Reference:

Education Code 69982(a)-(j)

Education Code 69990(c)(1)

Education Code 69994

(Amended By Register 2002, No. 49)