TITLE 3. POSTSECONDARY EDUCATION 66000-101460›DIVISION 8. CALIFORNIA STATE UNIVERSITY 89000-90520›PART 55. CALIFORNIA STATE UNIVERSITY 89000-90520›CHAPTER 8. Housing and Auxiliary Services 90000-90089›ARTICLE 2. The State University Revenue Bond Act of 1947 90010-90083
§ 90082
California Education Code · 2026-09 edition · updated 2026-10-03 · California
Notwithstanding any other law, the Controller may use the moneys in the State College Dormitory Building Maintenance and Equipment Reserve Fund for loans to the General Fund as provided in Sections 16310 and 16381 of the Government Code. However, interest shall be paid on all moneys loaned to the General Fund from the State College Dormitory Building Maintenance and Equipment Reserve Fund. Interest payable shall be computed at a rate determined by the Pooled Money Investment Board to be the current earning rate of the fund from which loaned. This section does not authorize any transfer that will interfere with the carrying out of the object for which the State College Dormitory Building Maintenance and Equipment Reserve Fund was created.
(Added by Stats. 2009, 3rd Ex. Sess., Ch. 9, Sec. 3. Effective February 20, 2009.)
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