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HomeEducation CodeCh. 5§ 81901 Community College Revenue Bonds

§ 81901 Community College Revenue Bonds

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 81901 Community College Revenue Bonds

Key Takeaways

  • •Community colleges can borrow money by selling special bonds to build or improve things like buildings or equipment.
  • •The college can set prices for using these things and change them if needed, but must follow any promises made to bond holders.
  • •The college can take private property if needed for a project, but must follow state rules.
  • •The college makes the rules for how and when these bonds are sold.

Example

A community college wants to build a new science building but doesn't have enough money.

The college can sell revenue bonds to raise money for the building. Later, they can charge students or others fees to use the building to pay back the bond holders.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 81901 Community College Revenue Bonds

(a) The governing board of any community college district may issue revenue bonds pursuant to this chapter. (b) The board, for the purpose of this chapter, has power and is hereby authorized, in addition to and amplification of all other powers conferred upon the board by the Constitution of the State of California or by any statute of the State of California: (1) To acquire subject to the state law, by grant, purchase, gift, devise, or lease, or by the exercise of the right of eminent domain, and to hold and use any real or personal property necessary or convenient or useful for the carrying on of any of its powers pursuant to this chapter. (2) To construct, operate, and control any project. (3) To fix rates, rents, or other charges for the use of any project acquired, constructed, equipped, furnished, operated, or maintained by the board, or for services rendered in connection therewith, and to alter, change, or modify the same at its pleasure, subject to any contractual obligation which may be entered into by the board with respect to the fixing of these rates, rents, or charges. (4) To enter into covenants to increase rates or charges from time to time as may be necessary pursuant to any contract or agreement with the holders of any bonds of the board. (5) At any time and from time to time, to issue revenue bonds in order to raise funds for the purpose of establishing any project, of acquiring lands for any project, of acquiring, constructing, improving, equipping, or furnishing any project, of refinancing any project, or for any combination of these purposes, which bonds may be secured as provided in this chapter. (6) To exercise, subject to state law, the right of eminent domain for the condemnation of private property or any right or interest therein. (7) To adopt the rules and regulations as may be necessary to enable the board to exercise the powers and to perform the duties conferred or imposed upon the board by this chapter. (8) Nothing contained in this section or elsewhere in this chapter shall be construed directly or by implication to be in derogation of, or in limitation of, the powers conferred upon or existing in the board by virtue of provisions of the Constitution or statutes of this state. (c) The board shall determine the time, form, and manner of the issuance of revenue bonds. (Amended by Stats. 1990, Ch. 1372, Sec. 582.)

Last verified: January 23, 2026

Key Terms

obligationagreementcontractcovenantleaseregulationpropertycommunity

Related Statutes

  • § 92438 Regents Property Disposal Authority
  • § 90012 Board Property And Projects
  • § 74265.5 District Formation Asset Transfer
  • § 74293 Compton College Partnership Terms
  • § 81839 Community College Site Options

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 81901.
View Official Source