§ 94151. — 94151. (Amended by Stats. 2023, Ch. 131, Sec. 51.)

California § 94151.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 10.
• Title 3.: DIVISION 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS
• Part 59.: PART 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS
• Ch. 2.: CHAPTER 2. California Educational Facilities Authority Act
• Art. 4.: ARTICLE 4. Powers and Duties; Notes and Bonds

Text

(a)
The authority may loan funds to a participating institution or university applicant and to provide for the issuance of bonds for the purpose of refinancing working capital or projects not originally funded pursuant to this chapter, such refinancing to include the repayment of costs, as defined in Section 94110, incurred for projects by the participating institution or university applicant and that have a completion date after December 29, 1969.
(b)
For purposes of this section, “completion date” means, in the case of construction or renovation of a project, the date on which the notice of completion is filed, and, in the case of the acquisition of a project, the date of such acquisition.
(c)
All
such bonds shall be subject to this chapter in the same manner and to the same extent as other bonds issued pursuant to this chapter.

Legislative History

Amended by Stats. 2023, Ch. 131, Sec. 51. (AB 1754) Effective January 1, 2024.