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California Education Code Section 76065

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The governing board of any community college district shall
provide for the supervision of all funds raised by any student body
or student organization using the name of the college.
   The cost of supervision may constitute a proper charge against the
funds of the district.
   The governing board of a community college district may also
provide for a continuing audit of student body funds with community
college district personnel.

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Last modified: January 12, 2009