California § 70038 - Each participating institution is entitled to an administrative cost allowance fo
Full text of California Public Contract Code - PCC § 70038 — Each participating institution is entitled to an administrative cost allowance fo, with citation guidance and answers to common questions.
§ 70038. Each participating institution is entitled to an administrative cost allowance fo
(a) Each participating institution is entitled to an administrative cost allowance for an award year if the institution elects to advance funds under the DREAM Program to students for that award year. (b) The amount of the administrative cost allowance described in subdivision (a) shall equal 5 percent of the institutionâs total amount of DREAM loan funds awarded to students for the award year that the participating institution advances funds to students under the DREAM Program. (c) Each participating institution may charge its administrative cost allowance to its DREAM revolving fund. (d) Each participating institution shall use its administrative cost allowance to offset the cost of administering the DREAM Program. (e) Each participating institution is responsible for administrative costs that exceed its administrative cost allowance.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 70038
What does Public Contract Code - PCC § 70038 cover?
Section 70038 ("Each participating institution is entitled to an administrative cost allowance fo") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 70038?
A common citation format is "Public Contract Code - PCC § 70038" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 70038 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.