(a) If a student body association has been established at a community college as authorized by Section 76060, a student representation fee of two dollars ($2) shall be collected by the officials of the community college, together with all other fees, at the time of registration or before registration and shall be deposited in a separate fiduciary fund established per the California Community Colleges Budget and Accounting Manual for student representation fees. The money collected pursuant to this section shall be expended to provide support for governmental affairs representatives of local or statewide student body organizations who may be stating their positions and viewpoints before city, county, and district governments, and before offices and agencies of state government. (b) (1) One dollar ($1) of every two-dollar ($2) fee collected shall be expended to establish and support the operations of a statewide community college student organization, recognized by the Board of Governors of the California Community Colleges, with effective student representation and participation in state-level community college shared governance and with governmental affairs representatives to advocate before the Legislature and other state and local governmental entities. (2) The underlying goals of a statewide community college student organization shall include, but are not limited to, all of the following: (A) Establishing a sustainable foundation for statewide community college student representation and advocacy. (B) Promoting institutional and organizational memory. (C) Ensuring and maintaining responsible community college student organizational oversight and decisionmaking. (D) Strengthening regional approaches for community college student representation and coordination. (E) Promoting and enhancing student opportunities for engagement in community college student issues and affairs. (F) Providing for open and public transparency and accountability. (G) Supporting student participation and engagement in statewide higher education policy and advocacy activities. (c) Fees collected pursuant to subdivision (b) shall be annually distributed to the Board of Governors before February 1. The Board of Governors shall have custody of the moneys and shall, each year by April 15, distribute the moneys to the recognized statewide community college student organization if the recognized statewide community college student organization satisfies all of the following: (1) Is established as a legal entity registered with the Secretary of State. (2) Demonstrates compliance with all applicable state and federal laws and reporting requirements. (3) Exercises prudent fiscal management by establishing generally accepted accounting controls and procedures. (4) (A) Commencing after the first year it receives funding pursuant to this subdivision, completes an annual independent financial audit, the results of which shall be annually provided to the Board of Governors for review. (B) (i) Except as provided in clause (ii) and after the first year funding is received, it shall be a condition for funding pursuant to this subdivision that the results of the annual audit identify no significant audit findings. (ii) In no event shall funds be withheld from the statewide community college student organization unless the statewide community college student organization fails to address and correct any identified exceptions, concerns, errors, or deficiencies contained in the annual audit after being given a reasonable opportunity to do so. (5) Meets the obligations and addresses the goals described in subdivision (b). (d) Meetings of the recognized statewide community college student organization shall be open to the public and shall comply with the requirements of the California Public Records Act (Division 10 (commencing with Section 7920.000) of Title 1 of the Government Code) and the Ralph M. Brown Act (Chapter 9 (commencing with Section 54950) of Part 1 of Divisi
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