The funding was approved last summer by lawmakers and Gov. Gavin Newsom, just months after Newsom generated headlines when he called the textbook industry a “racket.” The money is meant to fund degree and certificate programs that will allow students to complete those programs without spending anything on textbooks. For months, the money has been with the statewide chancellor’s office that oversees the colleges. Officials said they can’t distribute funds until they finish developing an application for the colleges to fill out. That application is expected to be available to the colleges within the next month. They also needed time to build a portal that will allow the college system to track whether the free textbook programs are contributing to student success.