Article 3. Affordable Student Housing of California Education Code >> Division 8. >> Title 3. >> Part 55. >> Chapter 8. >> Article 3.

It is the intent of the Legislature in enacting this article to provide for affordable student housing on the campuses of the California State University. Further, it is the intent of the Legislature that priority for construction of affordable student housing shall be given to campuses where there is no on campus student housing and a large proportion of the student population have low-income disadvantaged backgrounds.

The following terms wherever used or referred to in this article shall have the following meanings:
  (a) "Trustees" means the Trustees of the California State University.
  (b) "Campus" means any of the institutions included within the California State University, as specified in Section 89001.
  (c) "Chancellor" means the Chancellor of the California State University.
  (d) "Project" means any one or more low-cost dormitories or other housing facilities, both onsite and offsite, to be constructed, furnished, equipped, and operated by the trustees pursuant to this article for use by students of any one or more of the campuses.
  (e) "User fees" means any rents, deposits, or fees paid to the local administration of any campus for the use of any project.

(a) There is in the State Treasury the Affordable Student Housing Revolving Fund. Notwithstanding Section 13340 of the Government Code, the money in the fund is hereby continuously appropriated for the purposes of this article.
  (b) Moneys in the fund shall be available for use by the trustees, as they deem necessary, in combination with the proceeds of bonds issued pursuant to the State University Revenue Bond Act of 1947 (Article 2 (commencing with Section 90010)) to ensure that the housing projects constructed will be affordable to students. Moneys in the fund shall be used in connection with newly constructed student housing projects in accordance with the priorities adopted by the trustees pursuant to Section 90089.
  (c) Any funds received from the Affordable Student Housing Revolving Fund for use as authorized in this article shall be repaid from user fees over a 40-year period, with interest at a rate not to exceed two-thirds of the most current investment rate of the Pooled Money Investment Account as of the date of disbursement of funds from the Affordable Student Housing Revolving Fund.

(a) The chancellor and each local administration of a campus shall administer the provisions of this article in accordance with the rules and regulations adopted by the trustees pursuant to subdivision (b).
  (b) The trustees shall adopt rules and regulations to establish general guidelines for the administration of this article.
  (c) The trustees shall adopt regulations defining the term "affordable student housing" as used in this article.

The trustees shall develop a five-year priority list of the housing needs at each of the campuses, taking into account the impact of the students attending that campus on the local pool of affordable housing available for senior citizens and other limited-income people with critical housing needs.