SECTIONS 92400-92410 - California Statutes

EDUCATION CODE

SECTION 92400-92410

92400. This chapter may be cited as "the University of California
Dormitory Revenue Bond Act of 1947."

92401. Wherever used or referred to in this chapter, or in any
indenture entered into pursuant to this chapter, the definitions set
forth in this article govern the construction of this chapter, unless
a different meaning appears from the context.

92402. "Bonds" or "revenue bonds" means the written evidence of any
obligation issued by the regents, payment of which is secured by a
pledge of revenues or any part of revenues, as provided in this
chapter, in order to obtain funds with which to carry out the
purposes of this chapter, irrespective of the form of such
obligation.

92403. "Holder of bonds" or "bondholder" or any similar term means
any person who shall be the bearer of any outstanding revenue bond or
bond registered to bearer or not registered or the registered owner
of any such outstanding revenue bond or bond which shall at the time
be registered other than to bearer.

92404. "Indenture" means an agreement entered into by the regents
pursuant to which revenue bonds are issued regardless of whether such
agreement is expressed in the form of a resolution of the regents or
by other instrument.

92405. "Person" includes any individual, firm, corporation,
association, copartnership, trust, business trust, or receiver or
trustee or conservator for any individual or any such entity. It does
not, however, include the state or any public corporation, political
subdivision, city, county, district, or any agency of any such
entity or of the state.

92406. "Project" means any one or more dormitories, other housing
facilities, boarding facilities, student union facilities, vehicle
parking facilities, or any other auxiliary or supplementary
facilities for individual or group accommodation, owned or operated,
or authorized to be acquired, constructed, furnished, equipped, and
operated, by the regents for use by students, faculty members, or
employees of the University of California, or a combination of such
facilities, which may include facilities already completed and
facilities authorized for future completion, designated by the
regents as a project in providing for the issuance of revenue bonds.
The term "project" also includes any one or more hospitals, clinics,
medical and nursing facilities, and related facilities, including
professional office buildings, parking facilities, and other
facilities which the regents may deem necessary or convenient for the
operation of a hospital or medical center, or incidental to a
hospital or medical center, designated by the regents as a project in
providing for the issuance of revenue bonds.

92407. "Regents" means the existing corporation known as "the
Regents of the University of California," as such corporation is
constituted by the provisions of Section 9 of Article IX of the
Constitution.

92408. "Revenues" means and includes any and all fees, rates,
rentals, and other charges received or receivable in connection with,
and any and all other incomes and receipts of whatever kind and
character derived by, the regents from the operation of a project or
arising from a project, including any such revenue as may have been
or may be impounded or deposited in any sinking fund, redemption or
reserve fund, or other fund created for the security of revenue bonds
or for the purpose of providing for the payment of revenue bonds or
the interest on revenue bonds.

92409. "University of California" means the public trust created by
Section 9 of Article IX of the Constitution, and each and all of the
campuses of the university within the state.

92410. The provisions of this chapter shall be liberally construed
to carry out the objectives and purposes and the declared policy of
the state expressed in this chapter.