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HomeEducation CodeDiv. 8Pt. 55Ch. 10Art. 1§ 90406 University Property Sales

§ 90406 University Property Sales

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

§ 90406 University Property Sales

Key Takeaways

  • •The people in charge of the California State Polytechnic University can sell or trade property that belongs to the university if they think it's a good idea.
  • •They need to get permission from the Director of Finance before they can do this.
  • •The money they get from selling the property must be used to buy new land for the university.

Example

The university has an old building that they don't use anymore.

The people in charge can sell this building if they think it's a good deal, but they need to ask the Director of Finance first. Then, they must use the money from the sale to buy new land for the university.

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

Official Source
View on CA.gov

§ 90406 University Property Sales

The trustees, with the consent of the Director of Finance, may sell or trade such of the property belonging to the state and used for the California State Polytechnic University or the California Polytechnic State University as may in the judgment of the trustees be disposed of advantageously. The proceeds of the sale shall be used for the purchase of such other land for the use of the California State Polytechnic University or the California Polytechnic State University as the trustees and the Director of Finance may deem necessary. (Amended by Stats. 1977, Ch. 579.)

Last verified: January 23, 2026

Key Terms

universityjudgmentschoolpropertydirectorcalifornia state polytechniccalifornia polytechnic state

Related Statutes

  • § 90400 Cal Poly Campus Locations
  • § 90401 Polytechnic University Establishment Authority
  • § 90402 Cal Poly Pomona Establishment
  • § 90404 Polytechnic University Applied Fields
  • § 90405 Student Agricultural Project Loans

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90406.
View Official Source