reglab/housing_qa huggingface dataset:
CA Educ Code § 94120 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 3 - Organization of Authority and General Powers and Duties Thereof|Section 94120.

94120.  (a) There is in the state government an authority known as the California Educational Facilities Authority. The authority constitutes a public instrumentality and the exercise by the authority of the powers conferred by this chapter shall be deemed and held to be the performance of an essential public function.(b) The authority shall consist of five members: the Director of Finance, the Controller, the Treasurer, who shall serve as chairperson of the authority, and two members appointed by the Governor to serve for terms of four years; provided that the terms of the members first appointed shall be arranged by the Governor so that such terms shall expire on April 30 in different years. One of the members appointed by the Governor shall be affiliated with a public institution of higher education as a governing board member or in an administrative capacity and the other member shall be affiliated with a private institution of higher education as a governing board member or in an administrative capacity. Each member shall hold office for the term of his or her appointment and shall continue to serve during the term of his or her successor unless and until his or her successor shall have been appointed and qualified. Any vacancy among the members appointed by the Governor shall be filled by appointment for the unexpired term only. A member of the authority shall be eligible for reappointment.(c) Any member of the authority appointed by the Governor may be removed from office by the Governor for cause after a public hearing.(d) The members of the authority shall serve without compensation, but the authority may reimburse its members for necessary expenses incurred in the discharge of their duties.(e) The authority, upon the first appointment of its members and thereafter on or after April 30 in each year, shall annually elect from among its members a vice chairperson who shall hold office until April 30 next ensuing and shall continue to serve during the term of his or her successor unless and until his or her successor shall have been appointed and qualified.(f) The Director of Finance may designate a deputy or other official in the Department of Finance to act for him or her and represent him or her at all meetings of the authority.(Amended by Stats. 2008, Ch. 211, Sec. 2. Effective January 1, 2009.)
CA Educ Code § 94121 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 3 - Organization of Authority and General Powers and Duties Thereof|Section 94121.

94121.  The powers of the authority shall be vested in the members thereof in office from time to time and a majority of the total authorized membership of the authority shall constitute a quorum at any meeting thereof. Action may be taken and motions and resolutions adopted by the authority at any meeting thereof by the affirmative vote of a majority of the members present, unless in any case the bylaws of the authority shall require a larger number. No vacancy in the membership of the authority shall impair the right of a quorum to exercise all the rights and perform all the duties of the authority.(Amended by Stats. 1979, Ch. 373.)
CA Educ Code § 94123 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 3 - Organization of Authority and General Powers and Duties Thereof|Section 94123.

94123.  Notwithstanding any other provision of law neither of the following is a conflict of interest:(a) Service by a trustee, director, officer, or employee of a participating private college, public college, or public university as a member of the authority, provided that the trustee, director, officer, or employee abstains from discussion, deliberation, action, and vote by the authority under this chapter with respect to the participating private college, public college, or public university for which that member is a trustee, director, officer, or employee.(b) Affiliation of a member of the authority with a bank that serves the authority as bond trustee, depository of funds, or in any other financial, advisory, or fiduciary capacity.(Amended by Stats. 2001, Ch. 569, Sec. 3. Effective January 1, 2002.)
CA Educ Code § 94124 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 3 - Organization of Authority and General Powers and Duties Thereof|Section 94124.

94124.  The authority shall maintain an office in the City of Sacramento.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94125 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 3 - Organization of Authority and General Powers and Duties Thereof|Section 94125.

94125.  The authority may employ an executive director and such other persons as are necessary to enable it properly to perform the duties imposed upon it by this chapter. The authority may, by resolution, delegate to one or more of its members, its executive director, or any other official or employee of the authority any powers and duties that it may deem proper, including, but not limited to, the power to enter into contracts on behalf of the authority.(Amended by Stats. 2008, Ch. 211, Sec. 3. Effective January 1, 2009.)
CA Educ Code § 94141 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94141.

94141.  All expenses incurred in carrying out the provisions of this chapter shall be payable from funds provided the authority therefor, and no liability or obligation shall be incurred by the authority hereunder beyond the extent to which moneys shall have been provided therefor.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94142 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94142.

94142.  The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project together with the amount of pledged revenues, debt service coverage, and basic security, in addition to establishing machinery to monitor the ongoing compliance of each project with state authority and bond indenture requirements.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94143 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94143.

94143.  The authority is authorized from time to time to issue its notes for any corporate purpose and renew from time to time any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The authority may issue notes partly to renew notes or to discharge other obligations then outstanding and partly for any other purpose. The notes may be authorized, sold, executed, and delivered in the same manner as bonds. A resolution or resolutions authorizing notes of the authority or any issue of notes of the authority may contain any provisions that the authority is authorized to include in a resolution or resolutions authorizing bonds of the authority or any issue of bonds of the authority, and the authority may include in the notes any terms, covenants, or conditions that it is authorized to include in bonds. Notes issued by the authority shall be payable from revenues of the authority or other moneys available for payment of notes and not otherwise pledged, subject only to any contractual rights of the holders of its notes or other obligations then outstanding.(Amended by Stats. 2015, Ch. 303, Sec. 140. (AB 731) Effective January 1, 2016.)
CA Educ Code § 94145 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94145.

94145.  In the discretion of the authority, any bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the state. Such trust agreement or the resolution providing for the issuance of such bonds may pledge or assign the revenues to be received or proceeds of any contract or contracts pledged and may convey or mortgage the project or any portion thereof. Such trust agreement or resolution providing for the issuance of such bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including particularly such provisions as have hereinabove been specifically authorized to be included in any resolution or resolutions of the authority authorizing bonds thereof. Any bank or trust company incorporated under the laws of this state which may act as depositary of the proceeds of bonds or of revenues or other moneys may furnish such indemnifying bonds or pledge such securities as may be required by the authority. Any such trust agreement may set forth the rights and remedies of the bondholders and of the trustee or trustees, and may restrict the individual right of action by bondholders. In addition to the foregoing, any such trust agreement or resolution may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement or resolution may be treated as a part of the cost of the operation of a project.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94145.5 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94145.5.

94145.5.  A provision that the authority may include in a trust agreement or resolution providing for the issuance of bonds pursuant to this chapter may also be included in a bond and shall have the same effect.(Amended by Stats. 2015, Ch. 303, Sec. 141. (AB 731) Effective January 1, 2016.)
CA Educ Code § 94146 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94146.

94146.  (a) Bonds issued under the provisions of this chapter shall not be deemed to constitute a debt or liability of the state or of any political subdivision of the state, or a pledge of the faith and credit of the state or of any political subdivision other than the authority, but shall be payable solely from the funds herein provided. All bonds shall contain a statement to the effect that neither the State of California nor the authority shall be obligated to pay the bond or the interest on the bond except from revenues of the project, or the portion of the project, for which the bonds are issued and that neither the faith and credit nor the taxing power of the state or of any political subdivision of the state is pledged to the payment of the principal of, or the interest on, the bonds.(b) The issuance of bonds under the provisions of this chapter shall not directly, indirectly, or contingently obligate the state or any political subdivision of the state to levy or to pledge any form of taxation whatever therefor or to make an appropriation for payment of the bonds. This section shall not prevent or be construed to prevent the authority from pledging its full faith and credit, or the full faith and credit of a participating private college or participating nonprofit entity, to the payment of bonds or issue of bonds authorized pursuant to this chapter.(Amended by Stats. 2014, Ch. 154, Sec. 6. (AB 1668) Effective July 21, 2014.)
CA Educ Code § 94148 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94148.

94148.  Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any resolution authorizing the issuance of, or any such trust agreement securing, such bonds, may, either at law or in equity, by suit, action, mandamus or other proceedings, protect and enforce any and all rights under the laws of the state or granted hereunder or under such resolution or trust agreement, and may enforce and compel the performance of all duties required by this chapter or by such resolution or trust agreement to be performed by the authority or by any officer, employee or agent thereof, including the fixing, charging, and collecting of the rates, rents, fees, and charges herein authorized and required by the provisions of such resolution or trust agreement to be fixed, established, and collected.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94149 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94149.

94149.  All moneys received pursuant to the authority of this chapter, whether as proceeds from selling or incurring bonds, or as revenue, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. Notwithstanding any other law, until the funds are applied as provided in this chapter, the moneys may be invested in any obligations or securities authorized by resolutions of the authority authorizing the issuance of the bonds. An officer with whom, or any bank or trust company with which, the moneys are deposited shall act as trustee of the moneys and shall hold and apply the moneys for the purposes hereof, subject to any regulations adopted pursuant to this chapter and the resolution authorizing the issuance of any bonds or the trust agreement securing the bonds.(Amended by Stats. 2014, Ch. 154, Sec. 7. (AB 1668) Effective July 21, 2014.)
CA Educ Code § 94151 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94151.

94151.  (a) The authority is hereby authorized to loan funds to a participating institution and to provide for the issuance of bonds for the purpose of refinancing 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 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 by Stats. 1977, Ch. 36.)
CA Educ Code § 94152 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94152.

94152.  Bonds and notes issued by the authority under the provisions of this chapter are hereby made securities in which all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all administrators, executors, guardians, trustees and other fiduciaries, and all other persons whatsoever who now are or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest any funds, including capital belonging to them or within their control; and said bonds, notes or other securities or obligations are hereby made securities which may properly and legally be deposited with and received by any state or municipal officers or agency of the state for any purpose for which the deposit of bonds or other obligations of the state is now or may hereafter be authorized by law.(Enacted by Stats. 1976, Ch. 1010.)
CA Educ Code § 94154 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94154.

94154.  The State of California pledges and agrees with the holders of the bonds, notes, and other obligations issued pursuant to authority contained in this chapter, and with those parties who may enter into contracts with the authority pursuant to this chapter, that the state will not limit, alter, or restrict the rights hereby vested in the authority and the participating private colleges and participating nonprofit entities to maintain, construct, reconstruct, and operate any project as defined in this chapter or to establish and collect the rents, fees, receipts, or other charges as may be convenient or necessary to produce sufficient revenues to meet the expenses of maintenance and operation thereof and to fulfill the terms of any agreements made with the holders of bonds authorized by this chapter, and with the parties who may enter into contracts with the authority pursuant to this chapter, or in any way impair the rights or remedies of the holders of those bonds or those parties until the bonds, together with interest thereon, are fully paid and discharged and the contracts are fully performed on the part of the authority. The authority as a public body corporate and politic may include the pledge herein made in its bonds and contracts.(Amended by Stats. 2003, Ch. 62, Sec. 80. Effective January 1, 2004.)
CA Educ Code § 94155 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94155.

94155.  On or before March 31 in each year the authority shall make an annual report of its activities for the preceding calendar year to the Governor and the Legislature. Each such report shall set forth a complete operating and financial statement covering the authority’s operations during the year. The authority shall cause an audit of its books and accounts to be made at least once in each year by certified public accountants. The authority shall also consult with the California Postsecondary Education Commission and the Student Aid Commission with respect to the need for additional financing of student loan projects.(Amended by Stats. 1995, Ch. 917, Sec. 7. Effective January 1, 1996.)
CA Educ Code § 94156 (2021)
2021 California Code|Education Code - EDC|TITLE 3 - POSTSECONDARY EDUCATION|DIVISION 10 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|PART 59 - PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS|CHAPTER 2 - California Educational Facilities Authority Act|ARTICLE 4 - Powers and Duties; Notes and Bonds|Section 94156.

94156.  The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, for the increase of their commerce, welfare, and prosperity, and for the improvement of their health and living conditions, and as the operation and maintenance of a project by the authority will constitute the performance of an essential public function, neither the authority nor its agent shall be required to pay any taxes or assessments upon or in respect of a project or any property acquired or used by the authority under the provisions of this chapter, or upon the income therefrom, and any bonds issued under the provisions of this chapter, their transfer and the income therefrom, shall at all times be free from taxation of every kind by the state and by the municipalities and other political subdivisions in the state.(Enacted by Stats. 1976, Ch. 1010.)