California Education Code

§ 94147

EDC § 94147 Effective Sep 27, 2022Div. 10 · Title 3 · Part 59 · Ch. 2 · Art. 4

Statute text

(a)The authority may fix, revise, charge, and collect rates, rents, fees, and charges for the use of and for the services furnished or to be furnished by each project, and may contract with any person, partnership, association or corporation, or other body, public or private, in respect thereof. These rates, rents, fees, and charges shall be fixed and adjusted in respect of the aggregate of rents, rates, fees, and charges from the project so as to provide funds sufficient with other revenues or moneys, if any, to accomplish all of the following:

(1)Pay the cost of maintaining, repairing, and operating the project and each and every portion thereof, to the extent that the payment of that cost has not otherwise been adequately provided for.

(2)Pay the principal of, and the interest on, outstanding bonds of the authority issued in respect of that project as the same shall become due and payable.

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Legislative history

Amended by Stats. 2022, Ch. 572, Sec. 22. (AB 190) Effective September 27, 2022.