California Code
ARTICLE 2 - The State University Revenue Bond Act of 1947
Section 90066.

90066. The board may insure against public liability or property damage. The board may provide in an indenture for the carrying of this or any other insurance in the amount and of the character as it shall determine, and for the payment of the premiums thereon.

(Amended by Stats. 1988, Ch. 740, Sec. 28.)