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Education Code - EDC - EDC § 90062
Education Code - EDC - EDC § 90062
Title to all property acquired by the board and the revenues and income therefrom is in the State of California. The title to any moneys, revenues, sinking funds, reserve funds and other funds created by this article and the income thereof pledged to the payment of the principal
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Education Code - EDC - EDC § 90063
Education Code - EDC - EDC § 90063
At all times the operation, maintenance, control, repair, construction, reconstruction, alteration and improvement of any project are vested in the board subject to such authorized leases as may be permitted by any indenture.
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Education Code - EDC - EDC § 90064
Education Code - EDC - EDC § 90064
The board may use for the payment of the costs of acquisition, construction or completion of any project any funds made available to the board by the State of California or any other funds provided by the board from any source, to be expended for the accomplishing of the purposes
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Education Code - EDC - EDC § 90065
Education Code - EDC - EDC § 90065
The board may insure against loss of revenues from any cause whatsoever and the proceeds of any insurance shall be used for the payment of bonds or notes and the interest thereon, or for other purposes as may be provided in an indenture.
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Education Code - EDC - EDC § 90066
Education Code - EDC - EDC § 90066
The board may insure against public liability or property damage. The board may provide in an indenture for the carrying of this or any other insurance in the amount and of the character as it shall determine, and for the payment of the premiums thereon.
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Education Code - EDC - EDC § 90067
Education Code - EDC - EDC § 90067
When authorized by resolution of the board, as provided in this article, the State Treasurer shall prepare and procure the printing or engrossing of notes, bonds, coupons, indentures or other instruments and contracts or agreements of every kind required or convenient for or pert
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Education Code - EDC - EDC § 90068
Education Code - EDC - EDC § 90068
The board shall fix rents, charges and fees for all projects acquired, constructed or completed under the terms of this article for the use thereof by any persons utilizing the facilities thereof, subject to such contractual obligations as may be entered into by the board and the
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Education Code - EDC - EDC § 90069
Education Code - EDC - EDC § 90069
Rent, charges, and fees collected in error may be refunded by the board in accordance with regulations prescribed by the board. Refunds of rent, charges, and fees collected for facilities requested by students and not utilized by them may be made for good cause by the board in su
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Education Code - EDC - EDC § 90070
Education Code - EDC - EDC § 90070
The board may include in an indenture those limitations as to competitive projects, both as to location and comparative rentals, as may be deemed necessary or desirable for the security of revenue bonds issued pursuant to this article.
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Education Code - EDC - EDC § 90071
Education Code - EDC - EDC § 90071
The board may also include in an indenture a covenant that no project acquired, constructed or completed from the proceeds of revenue bonds issued under the provisions of this article shall be used without charge therefor or any facilities thereof be furnished free of charge to a
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Education Code - EDC - EDC § 90072
Education Code - EDC - EDC § 90072
The holder of any bond or note issued pursuant to this article may by mandamus or other appropriate proceeding require and compel the performance of any of the duties imposed upon the board or upon any official or employee or assumed by any thereof, in connection with the acquisi
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Education Code - EDC - EDC § 90073
Education Code - EDC - EDC § 90073
The proceeds from the sale of all bonds and notes authorized under this article, except those proceeds used to redeem outstanding bonds or notes, shall be deposited forthwith by the Treasurer, on order of the Controller, in the State Treasury to the credit of a fund to be designa
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Education Code - EDC - EDC § 90074
Education Code - EDC - EDC § 90074
To the extent and in the manner provided in the indenture or in a resolution authorizing the issuance of notes, all revenues received from the operation of any project acquired or constructed by the board under the provisions of this article shall be transmitted by the board at l
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Education Code - EDC - EDC § 90075
Education Code - EDC - EDC § 90075
For the payment of the principal and interest of the notes and bonds authorized to be issued under this article, an interest and redemption fund in the State Treasury is hereby created, to be designated the California State University Dormitory Interest and Redemption Fund. From
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Education Code - EDC - EDC § 90076
Education Code - EDC - EDC § 90076
Any balance remaining in any of the funds created by this article after payment of all costs, expenses, and charges authorized to be expended therefrom, may be allocated and used for other purposes incidental to the acquisition, construction, furnishing, equipping, operation and
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Education Code - EDC - EDC § 90077
Education Code - EDC - EDC § 90077
Moneys in the California State University Dormitory Construction Fund may be invested by the board subject only to limitations which may be provided in any resolution authorizing the issuance of revenue bond anticipation notes or in any indenture providing for the issuance of rev
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Education Code - EDC - EDC § 90078
Education Code - EDC - EDC § 90078
After all of the notes and revenue bonds shall have been fully paid and discharged, or provision for their payment and discharge irrevocably made, any surplus moneys in the California State University Dormitory Construction Fund shall, subject to the limitations and restrictions
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Education Code - EDC - EDC § 90079
Education Code - EDC - EDC § 90079
All money in the funds created by the provisions of this article is hereby appropriated for expenditure in carrying out the purposes herein provided.
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Education Code - EDC - EDC § 90080
Education Code - EDC - EDC § 90080
The article shall be liberally construed to carry out the objects and purposes and the declared policy of the State of California as in this article set forth.
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Education Code - EDC - EDC § 90081
Education Code - EDC - EDC § 90081
An action may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure to determine the validity of bonds issued, or any financing contract entered into, by the board for the purposes of this article.
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Education Code - EDC - EDC § 90082
Education Code - EDC - EDC § 90082
Notwithstanding any other law, the Controller may use the moneys in the State College Dormitory Building Maintenance and Equipment Reserve Fund for loans to the General Fund as provided in Sections 16310 and 16381 of the Government Code. However, interest shall be paid on all mon
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Education Code - EDC - EDC § 90083
Education Code - EDC - EDC § 90083
The board may pledge revenues received in accordance with Section 89770 to secure bonds issued in accordance with this article for capital expenditures, as defined in Section 89770, or for projects, as defined in Section 90011, and may pay all costs and expenses incident to the i
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Education Code - EDC - EDC § 90085
Education Code - EDC - EDC § 90085
It is the intent of the Legislature in enacting this article to provide for affordable student housing on the campuses of the California State University. Further, it is the intent of the Legislature that priority for construction of affordable student housing shall be given to c
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Education Code - EDC - EDC § 90086
Education Code - EDC - EDC § 90086
The following terms wherever used or referred to in this article shall have the following meanings: (a) “Trustees” means the Trustees of the California State University. (b) “Campus” means any of the institutions included within the California State University, as specified in Se
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Education Code - EDC - EDC § 90087
Education Code - EDC - EDC § 90087
(a) There is in the State Treasury the Affordable Student Housing Revolving Fund. Notwithstanding Section 13340 of the Government Code, the money in the fund is hereby continuously appropriated for the purposes of this article. (b) Moneys in the fund shall be available for use by