BlackletterCalifornia law

CHAPTER 14.28. California Student Housing Revolving Loan Fund Act of 2022 [67329.1. - 67329.9.]

Chapter 14.28 added by Stats. 2022, Ch. 572, Sec. 2.

§§ 67329.1–67329.9 · 10 sections

  1. ARTICLE 1. Title § 67329.1 · 1 section
    • § 67329.1 This chapter shall be known, and may be cited, as the California Student Housing Revolving Loan Fund Act of 2022.
  2. ARTICLE 2. Definitions § 67329.2 · 1 section
    • § 67329.2 As used in this chapter, unless the context requires otherwise, the following definitions apply: (a) “Allocation” means the portion of the initial California…
  3. ARTICLE 3. The California Student Housing Revolving Loan Fund § 67329.3 · 1 section
    • § 67329.3 (a) (1) The California Student Housing Revolving Loan Fund is hereby established in the State Treasury to provide zero-interest loans to qualifying college and…
  4. ARTICLE 4. Criteria and Process §§ 67329.4–67329.51 · 3 sections
    • § 67329.4 (a) Each authority shall develop a uniform application that includes requests for relevant information, such as project goals, costs, number of students or…
    • § 67329.5 A project financed pursuant to this chapter shall meet all of the following requirements: (a) For projects financed pursuant to this chapter that are not…
    • § 67329.51 (a) For projects financed pursuant to this chapter, participating colleges and universities and participating nonprofit entities shall do all of the following:…
  5. ARTICLE 5. Repayment and Bond Issuance § 67329.6 · 1 section
    • § 67329.6 (a) For each loan made by an authority, the authority shall establish a schedule of payments, the primary source of which may be lease or rent payments for…
  6. ARTICLE 6. Rulemaking § 67329.7 · 1 section
    • § 67329.7 Each authority may adopt, amend, or repeal rules and regulations pursuant to this chapter as emergency regulations. The adoption, amendment, or repeal of these…
  7. ARTICLE 7. Reporting § 67329.8 · 1 section
    • § 67329.8 Each authority shall provide a report to the Department of Finance and the budget committees of the Assembly and Senate by March 15, 2025. The report shall…
  8. ARTICLE 8. Administrative Costs § 67329.9 · 1 section
    • § 67329.9 Each authority may charge against the fund its administrative costs, which shall not exceed 3 percent of the authority’s respective allocation amount or…