§ 12060 Vocational Education Fund Transfers
This law lets the finance director and state controller set up a plan so money from the federal vocational education fund can first be paid out of the state’s General Fund, and then the General Fund gets paid back later.
A community college needs $200,000 for a new welding program. The money is first taken from the state’s General Fund, then the federal vocational education fund sends the $200,000 back to the General Fund.
The college’s expense is a proper charge against the federal fund, so the state can pay it up front and later get reimbursed, keeping the cash flow smooth.
Reimbursement Amount = Actual Expenditures Charged to the Vocational Education Federal Fund
The college spent $200,000 on the welding program.
Result: Reimbursement Amount = $200,000
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 12060 Vocational Education Fund Transfers
Last verified: January 10, 2026