SECTIONS 90085-90089 - California Statutes

EDUCATION CODE

SECTION 90085-90089

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 campuses
where there is no on campus student housing and a large proportion
of the student population have low-income disadvantaged backgrounds.

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 Section 89001.
(c) "Chancellor" means the Chancellor of the California State
University.
(d) "Project" means any one or more low-cost dormitories or other
housing facilities, both onsite and offsite, to be constructed,
furnished, equipped, and operated by the trustees pursuant to this
article for use by students of any one or more of the campuses.
(e) "User fees" means any rents, deposits, or fees paid to the
local administration of any campus for the use of any project.

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 the trustees,
as they deem necessary, in combination with the proceeds of bonds
issued pursuant to the State University Revenue Bond Act of 1947
(Article 2 (commencing with Section 90010)) to ensure that the
housing projects constructed will be affordable to students. Moneys
in the fund shall be used in connection with newly constructed
student housing projects in accordance with the priorities adopted by
the trustees pursuant to Section 90089.
(c) Any funds received from the Affordable Student Housing
Revolving Fund for use as authorized in this article shall be repaid
from user fees over a 40-year period, with interest at a rate not to
exceed two-thirds of the most current investment rate of the Pooled
Money Investment Account as of the date of disbursement of funds from
the Affordable Student Housing Revolving Fund.

90088. (a) The chancellor and each local administration of a campus
shall administer the provisions of this article in accordance with
the rules and regulations adopted by the trustees pursuant to
subdivision (b).
(b) The trustees shall adopt rules and regulations to establish
general guidelines for the administration of this article.
(c) The trustees shall adopt regulations defining the term
"affordable student housing" as used in this article.

90089. The trustees shall develop a five-year priority list of the
housing needs at each of the campuses, taking into account the impact
of the students attending that campus on the local pool of
affordable housing available for senior citizens and other
limited-income people with critical housing needs.