The proceeds of the bonds may also be used to provide short-term loans to community colleges for the purchase of instructional equipment. Those loans shall be repaid from the first moneys available in the Capital Outlay Fund for Public Higher Education beginning in the 1987–88 fiscal year.
Cal. Educ. Code § 67354.5
Higher Education Facilities Bond Act of 1986
Known as the Higher Education Facilities Bond Act
The act spans §§ 67330–67359 (56 sections).
Added by Stats. 1986, Ch. 424, 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.