TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS 94000-95010›PART 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS 94000-95010›CHAPTER 2. California Educational Facilities Authority Act 94100-94213›ARTICLE 4. Powers and Duties; Notes and Bonds 94140-94156

§ 94142

California Education Code · 2020-11 edition · updated 2026-10-04 · California

The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project together with the amount of pledged revenues, debt service coverage, and basic security, in addition to establishing machinery to monitor the ongoing compliance of each project with state authority and bond indenture requirements.

(Enacted by Stats. 1976, Ch. 1010.)

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California Education Code

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