California Statutes
§ 81663. — 81663. (Added by Stats. 1991, Ch. 1038, Sec. 8.)
California·Code EDC Education Code - EDC·Div. 7.·Title 3. DIVISION 7. COMMUNITY COLLEGES·Part 49. PART 49. COMMUNITY COLLEGES, EDUCATION FACILITIES·Ch. 3. CHAPTER 3. Management and Control of Property·Art. 3.5. ARTICLE 3.5. Energy Management Systems
(a)The governing board of any community college district may borrow funds from federal or state regulated financial institutions for design and construction costs associated with retrofitting buildings to become more energy efficient. The amount borrowed shall not exceed the amount that can be repaid from energy cost avoidance savings accumulated from the improvement of facilities.
(b)Any savings association may make loans or advances of credit pursuant to subdivision (a) in an amount not in excess of 5 percent of its total assets. This investment may be in addition to any other investment savings associations are permitted to undertake.
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California § 81663. (81663. (Added by Stats. 1991, Ch. 1038, Sec. 8.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1991, Ch. 1038, Sec. 8. Effective October 14, 1991.