Cal. Ed. Code § 92495.5

Current through the 2024 Legislative Session.

Section 92495.5 - Management of general revenue bond program

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.

Ca. Educ. Code § 92495.5

Amended by Stats 2015 ch 22 (SB 81),s 24, eff. 6/24/2015.

Amended by Stats 2014 ch 34 (SB 860),s 29, eff. 6/20/2014.

Added by Stats 2013 ch 50 (AB 94),s 9, eff. 7/1/2013.