Statute · California Government Code
Cal. Gov't Code § 15820.86 — Teaching Hospital Seismic Program
Cal. Gov't Code § 15820.86
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2000-07-05
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The board and the regents may lease any properties of the regents to facilitate the financing authorized by this chapter that is mutually agreed by the board and the regents. Accordingly, the property leased between the board and the regents for the purposes of these financings need not be…
Citator
Cal. Gov't Code § 15820.86 — Teaching Hospital Seismic Program is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The board and the regents may lease any properties of the regents to facilitate the financing authorized by this chapter that is mutually agreed by the board and the regents. Accordingly, the property leased between the board and the regents for the purposes of these financings need not be the same property that is acquired, renovated, or improved with the proceeds of the board’s bonds.
(b) It is the intent of the Legislature that, to the greatest degree possible, the rental paid by the regents to the board in connection with these financings shall utilize teaching hospital revenues of the regents, but only to the extent lawfully available to pay that rental.