The Lottery Act initially required that 50 percent of total annual revenues be returned to the public in the form of prizes and at least 34 percent of total revenues be allocated to the benefit of public education. No more than 16 percent of total revenues were to be used for administrative costs.
The College of Business Administration (CBA) is one of eight colleges of California State University, Long Beach. As one of the largest campuses of the California State University system, Cal State Long Beach is a comprehensive, four-year institution that was established as the Los Angeles-Orange County State College in 1949 to serve the areas of Orange County and southeastern Los Angeles County. The first classes were held in two converted apartment buildings that were still under construction; some days carpenters and plumbers outnumbered students. The library had no books and editors for the Forty-Niner student newspaper worked in a shed that leaked when it rained. Still, students loved coming to school because they felt like “pioneers.”