Each authority may charge against the fund its administrative costs, which shall not exceed 3 percent of the authority’s respective allocation amount or proportion of the fund, as the fund may be augmented by revenue bonds over time.
Cal. Educ. Code § 67329.9
Administrative Costs
Known as the California Student Housing Revolving Loan Fund Act
The act spans §§ 67329–67329 (10 sections).
Added by Stats. 2022, Ch. 572, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.