TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 8. CALIFORNIA STATE UNIVERSITY 89000-90520›PART 55. CALIFORNIA STATE UNIVERSITY 89000-90520›CHAPTER 6. Finance 89700-89774›ARTICLE 5. Use of General Fund Support Appropriations for Capital Expenditures and Capital Outlay Projects 89770-89774
§ 89773
California Education Code · 2018-11 edition · updated 2026-10-04 · California
The California State University shall manage its debt programs in a manner so that not more than 12 percent of its General Fund support appropriation, less the amount of that appropriation that is required to fund general obligation bond payments and State Public Works Board rental payments, is used for the total of both of the following:
(a) Debt service for capital expenditures pursuant to Section 89770.
(b) Pay-as-you-go capital outlay projects pursuant to Section 89771.
(Added by Stats. 2014, Ch. 34, Sec. 24. (SB 860) Effective June 20, 2014.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code