California Government Code

§ 15820.86

GOV § 15820.86 Effective Jul 5, 2000Div. 3 · Title 2 · Part 10b · Ch. 3.10

Statute text

(a)The board and the regents may lease any properties of the regents to facilitate the financing authorized by this chapter that is mutually agreed by the board and the regents. Accordingly, the property leased between the board and the regents for the purposes of these financings need not be the same property that is acquired, renovated, or improved with the proceeds of the board’s bonds.

(b)It is the intent of the Legislature that, to the greatest degree possible, the rental paid by the regents to the board in connection with these financings shall utilize teaching hospital revenues of the regents, but only to the extent lawfully available to pay that rental.

Legislative history

Added by Stats. 2000, Ch. 71, Sec. 30. Effective July 5, 2000.