94151. (a) The authority is hereby authorized to loan funds to a participating institution or university applicant and to provide for the issuance of bonds for the purpose of refinancing working capital or projects not originally funded pursuant to this chapter, such refinancing to include the repayment of costs, as defined in Section 94110, incurred for projects by the participating institution or university applicant and which have a completion date subsequent to December 29, 1969.
(b) For purposes of this section, “completion date” shall mean, in the case of construction or renovation of a project, the date on which the notice of completion is filed, and, in the case of the acquisition of a project, the date of such acquisition.
(c) All such bonds shall be subject to the provisions of this chapter in the same manner and to the same extent as other bonds issued pursuant to this chapter.
(Amended (as amended by Stats. 2022, Ch. 123, Sec. 5) by Stats. 2022, Ch. 572, Sec. 23. (AB 190) Effective September 27, 2022.)
Structure California Code