California Education Code
§ 89773
EDC § 89773 Effective Jun 20, 2014Div. 8 · Title 3 · Part 55 · Ch. 6 · Art. 5
Statute text
View on leginfo.ca.govThe California State University shall manage its debt programs in a manner so that not more than 12 percent of its General Fund support appropriation, less the amount of that appropriation that is required to fund general obligation bond payments and State Public Works Board rental payments, is used for the total of both of the following:
(a)Debt service for capital expenditures pursuant to Section 89770.
(b)Pay-as-you-go capital outlay projects pursuant to Section 89771.
Legislative history
Added by Stats. 2014, Ch. 34, Sec. 24. (SB 860) Effective June 20, 2014.