Section 15818 Of Chapter 3. Construction And Leasing Of Public Buildings From California Government Code >> Division 3. >> Title 2. >> Part 10b. >> Chapter 3.
15818
. Exclusively for the purpose of securing the financing of
projects through the issuance of revenue bonds, notes, or
certificates by the board, and notwithstanding any other law, any
community college district may buy or lease public buildings or
equipment, or both, from the board, and in connection therewith, sell
or lease public buildings or equipment, or both, to the board, in
each case with the installment payment or rental provisions, term,
payment, security, default, remedy, and other terms or provisions as
may be specified in the installment sale, lease, or other agreement
or agreements, between the board and the community college district.
This section provides a complete, additional, and alternative method
for performing the acts authorized by this section, and any sale or
lease of public buildings or equipment, or both, to the board or any
community college district, any purchase or lease of public buildings
or equipment, or both, from the board or any community college
district, and any agreement for liquidity or credit enhancement in
connection therewith, pursuant to this section, need not comply with
the requirements of any other law applicable to sale, purchase,
lease, or credit, as the case may be, by a community college
district.