Section 92495.5 Of Article 3. Revenue Bonds From California Education Code >> Division 9. >> Title 3. >> Part 57. >> Chapter 5. >> Article 3.
92495.5
. The university shall manage its general revenue bond
program and the payments referenced in Section 92493, in a manner so
that not more than 15 percent of its General Fund support
appropriation, less the amount of that appropriation that is required
to fund general obligation bond payments and State Public Works
Board rental payments, is used for the total of all of the following:
(a) Payments for capital expenditures pursuant to Section 92493.
(b) Pay-as-you-go capital outlay projects pursuant to Section
92494.
(c) State Public Works Board rental payments.