SECTIONS 67330-67332 - California Statutes

EDUCATION CODE

SECTION 67330-67332

67330. This chapter shall be known and may be cited as the Higher
Education Facilities Bond Act of 1988.

67331. The Legislature finds and declares all of the following:
(a) California's economic and social prosperity relies on a higher
education system that keeps pace with California's growth. In the
coming decades, the state's economic prosperity will depend on
increasing the productivity of the work force and on the ability to
compete successfully in the world marketplace.
(b) The system of public higher education in this state includes
the University of California, the California State University, the
California community colleges, and the California Maritime Academy.
Each of these institutions plays a vital role in maintaining
California's dominance in higher education in the United States.
(c) Over the last several years, studies have been completed by
the University of California, the California State University, and
the California community colleges to assess their long-term and
short-term capital needs, which studies demonstrate that these needs
total, in the aggregate, several billion dollars.
(d) The purpose of the Higher Education Facilities Bond Act of
1988 is to assist in meeting the capital outlay financing needs of
California's public higher education system.

67332. As used in this chapter, the following terms have the
following meanings:
(a) "Committee" means the Higher Education Facilities Finance
Committee created pursuant to Section 67353.
(b) "Fund" means the 1988 Higher Education Capital Outlay Bond
Fund created pursuant to Section 67333.