SECTIONS 15820.16 - California Statutes

GOVERNMENT CODE

SECTION 15820.16

15820.16. (a) The State Public Works Board may finance the
acquisition of land, buildings, related infrastructure, and equipment
and the construction, renovation, and equipping of research
facilities and related infrastructure on a site or sites owned by, or
subject to a lease or option to purchase held by, the University of
California, including buildings or facilities to be leased-purchased
by the United States Government.
(b) The board shall lease-purchase to the Regents of the
University of California any public building or facility acquired,
constructed, renovated, or equipped pursuant to this article. The
terms and the amount of the lease-purchase shall be determined by
mutual agreement of the parties. The agreement shall provide that the
public building or facility, or portion thereof, that is acquired,
constructed, renovated, or equipped pursuant to this article, shall
be utilized for research. The board shall contract with the lessee
for all activities required to acquire, plan, construct, equip, and
renovate these facilities.