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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90078 Dormitory Fund Surplus Use

§ 90078 Dormitory Fund Surplus Use

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

§ 90078 Dormitory Fund Surplus Use

Key Takeaways

  • •This law is about leftover money in a special fund for building California State University dorms.
  • •Once all the money borrowed to build dorms is paid back, any extra money left in the fund can be used for more university buildings.
  • •The extra money can be used to buy land, build new buildings, or furnish them for the university.

Example

Imagine the university borrowed money to build a new dorm. After paying back all the money, there is some leftover cash in the fund.

This leftover money can now be used to buy land for a new library or to buy furniture for a new classroom building.

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

Official Source
View on CA.gov

§ 90078 Dormitory Fund Surplus Use

After all of the notes and revenue bonds shall have been fully paid and discharged, or provision for their payment and discharge irrevocably made, any surplus moneys in the California State University Dormitory Construction Fund shall, subject to the limitations and restrictions in any resolution authorizing the issuance of the notes or in any indenture providing for the issuance of the revenue bonds, remain available for the acquisition of sites for, and for the construction, equipping and furnishing of, buildings for the California State University. (Amended by Stats. 1983, Ch. 143, Sec. 164.)

Last verified: January 23, 2026

Key Terms

acquisitionresolutionuniversityagreementconstructionissuance

Related Statutes

  • § 90073 Dormitory Construction Bond Funds
  • § 90077 Dormitory Fund Investment Rules
  • § 90015 Bond Validity Independent Projects
  • § 90067 Bond Issuance Authorization Procedures
  • § 90075 Dormitory Bond Repayment Fund

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90078.
View Official Source