California Education Code

§ 94190

EDC § 94190 Effective Sep 27, 2022Div. 10 · Title 3 · Part 59 · Ch. 2 · Art. 7

Statute text

(a)In addition to the foregoing powers, the authority shall have power to accomplish both of the following:

(1)Upon application of the participating college, participating nonprofit entity, or university applicant, to construct, acquire, or otherwise provide projects for the use and benefit of the participating private college, public college, or public university and the students, faculty, and staff of that participating institution. The participating college, participating nonprofit entity, or university applicant for which a project is undertaken by the authority shall approve the plans, specifications, and location of that project.

(2)To lease any project provided pursuant to this section to the participating private college, participating nonprofit entity, or university applicant for which that project is provided. When the liabilities of the authority incurred for a project have been met and the bonds of the authority issued therefor have been paid, or those liabilities and bonds have otherwise been discharged, the authority shall transfer title to all the real and personal property of that project vested in the authority, to the participating college, participating nonprofit entity, or university applicant in connection with which that project is then leased. However, if at any time prior thereto a participating private college ceases to offer educational facilities, then the title shall vest in the State of California.

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Legislative history

Amended by Stats. 2022, Ch. 572, Sec. 25. (AB 190) Effective September 27, 2022.