SECTIONS 67358.3-67358.4 - California Statutes

EDUCATION CODE

SECTION 67358.3-67358.4

67358.3. The proceeds of bonds issued and sold pursuant to this
chapter shall be deposited in the 1992 Higher Education Capital
Outlay Bond Fund, which is hereby created.

67358.4. The committee shall be and is hereby authorized to create
a debt or debts, liability or liabilities, of the State of California
pursuant to this chapter for the purpose of funding aid to the
University of California, the California State University, the
California Community Colleges, the Hastings College of the Law, and
the California Maritime Academy for the construction, including the
construction of buildings and the acquisition of related fixtures;
the equipping of new, renovated, or reconstructed facilities; funding
for the payment of preconstruction costs, including, but not limited
to, preliminary plans and working drawings; renovation and
reconstruction of facilities; and the construction or improvement of
off-campus facilities of the California State University approved by
the Trustees of the California State University on or before July 1,
1990, including the acquisition of sites upon which these facilities
are to be constructed.
The addition of the Hastings College of the Law to this section is
not intended to mark a change from the funding authorizations made
by Section 67354, as contained in the Higher Education Facilities
Bond Act of 1986, or Section 67334, as contained in the Higher
Education Facilities Bond Act of 1988, but is intended to state more
clearly what was intended by the Legislature in those sections as
well.