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HomeEducation CodeDiv. 9Pt. 57Ch. 3Art. 1§ 92214 Uc Property Transfer Rules

§ 92214 Uc Property Transfer Rules

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

§ 92214 Uc Property Transfer Rules

Key Takeaways

  • •The state gives two buildings in San Francisco to the University of California for school use.
  • •The university can sell or rent these buildings to a nonprofit to make homes for students, teachers, and workers.
  • •If sold, the price must be fair and approved by the state, and the money goes to the state's General Fund.
  • •If rented, the rent money also goes to the state's General Fund.

Example

The University of California decides to rent out one of the buildings to a nonprofit that helps students find cheap housing.

The university can do this because the law lets them rent the building to a nonprofit for student housing. The rent money they get must be sent to the state's General Fund.

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

Official Source
View on CA.gov

§ 92214 Uc Property Transfer Rules

The Director of General Services shall transfer the property located at 55 and 75 Hyde Street in the City and County of San Francisco to the University of California to be used for the benefit of the college for school purposes. The university shall have the power to sell or lease the property to a nonprofit corporation in order to provide housing facilities for the students, faculty, and employees of the college. If such property is sold, it shall be sold for its fair market value, with such valuation approved by the Department of Finance, and the proceeds of the sale shall be deposited in the General Fund. If such property is leased, the proceeds of the lease shall be deposited in the General Fund. (Amended by Stats. 2022, Ch. 478, Sec. 25. (AB 1936) Effective January 1, 2023.)

Last verified: January 23, 2026

Key Terms

corporationuniversityschoolpropertybenefitemployeestudentlease

Related Statutes

  • § 81676 Community College Bookstore Employees
  • § 87706 Student Safety Liability Limits
  • § 87767 Academic Employee Study Leave
  • § 89300 Student Organization Fees
  • § 89301 Student Fee Collection Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 92214.
View Official Source