California Education Code

§ 92495.5

EDC § 92495.5 Effective Jun 24, 2015Div. 9 · Title 3 · Part 57 · Ch. 5 · Art. 3

Statute text

The university shall manage its general revenue bond program and the payments referenced in Section 92493, in a manner so that not more than 15 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 all of the following:

(a)Payments for capital expenditures pursuant to Section 92493.

(b)Pay-as-you-go capital outlay projects pursuant to Section 92494.

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Legislative history

Amended by Stats. 2015, Ch. 22, Sec. 24. (SB 81) Effective June 24, 2015.