All assets and obligations of the California Student Loan Authority, as of the effective date of the act that enacts this section during the 1995–96 Regular Session, are hereby transferred to, and assumed by, the California Educational Facilities Authority. All of those assets shall be used solely for student loan purposes.
Cal. Educ. Code § 94102
Purpose
Known as the California Educational Facilities Authority Act
The act spans §§ 94100–94213 (50 sections).
Added by Stats. 1995, Ch. 917, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.