Section 94192 Of Article 7. Construction Of Facilities From California Education Code >> Division 10. >> Title 3. >> Part 59. >> Chapter 2. >> Article 7.
94192
. For the purpose of obtaining and securing loans under
Section 94191, every participating private college or participating
nonprofit entity shall, notwithstanding the provisions of any other
law, have power to mortgage and pledge any of its real or personal
property, and to pledge any of its income from whatever source to
repay the principal of and interest on any loan made to it by the
authority or to pay the interest on and principal and redemption
premium, if any, of any note, bond, or other evidence of indebtedness
evidencing the debt created by that loan; provided that the
foregoing shall not be construed to authorize actions in conflict
with specific legislation, trusts, endowment, or other agreements
relating to specific properties or funds.