Sponsor: Senator Lou Correa (D)
Summary: Requests each governing body of an accredited private postsecondary education institution to develop a model contract governing the disbursement of financial aid, scholarships, campus-based aid or school refund onto a debit card, prepaid card or other preloaded card issued by a financial institution, and make a model contract available on its Internet Web site.
Status: Introduced; referred to Committee on Rules 1/9/2014.
Outlook: The Senate Committee on Rules will refer this measure to another committee for consideration. By rule, this measure cannot be heard in committee until 30 days have passed since its introduction. The sponsor is a member of the majority party and has not garnered the cosponsorship of any other member of the chamber. The Democratic Party controls both chambers of the Legislature as well as the office of the Governor.
Effective Date: Upon approval of the Governor
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