89046. (a) The trustees may lease any property of a state university for any purpose that they consider is not inconsistent with the functions of the California State University including, but not limited to:
(1) The lease of state university property to a nonprofit organization composed exclusively of students of the university or of members of the faculty of the university, or both, for purposes related to the activities of the university or for the activities of student or faculty organizations.
(2) The lease of state university property to any nonprofit organization for the purpose of constructing and using thereon buildings as living quarters for students of the university and as meeting places.
(3) The lease to any student or faculty organization of the university of property for the purpose of establishing and maintaining cooperative stores, and cafeterias in connection with those stores.
(b) Any rental income received by the trustees under this or other leasing sections shall be deposited into the California State University Trust Fund established pursuant to Section 89722.
(Amended by Stats. 2022, Ch. 54, Sec. 40. (AB 183) Effective June 30, 2022.)