§ 92495.5. — 92495.5. (Amended by Stats. 2015, Ch. 22, Sec. 24.)

California § 92495.5.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 9.
• Title 3.: DIVISION 9. UNIVERSITY OF CALIFORNIA
• Part 57.: PART 57. UNIVERSITY OF CALIFORNIA
• Ch. 5.: CHAPTER 5. The University of California Revenue Bond Act of 1947
• Art. 3.: ARTICLE 3. Revenue Bonds

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.
(c)
State Public Works Board rental payments.

Legislative History

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