§ 94194 Private College Project Costs

Key Takeaways

•If a private college or university rents a building from the government, they have to pay for all the costs to run and take care of it.
•The college must also make sure the building fits into their school programs and follows their rules.
•If the college gets a loan from the government to build something, they still have to pay for running and maintaining it, just like if they rented it.

Example

A private university gets a loan from the government to build a new science lab.

The university has to pay for everything to keep the lab running, like electricity, repairs, and cleaning. They also have to make sure the lab is used for teaching science classes and fits into their school’s plans.

(a) Whenever the authority under Section 94190 undertakes to construct, acquire, or otherwise provide a project and to lease the same to a private college or university applicant the lessee shall be responsible for the direct operation and maintenance costs of such project and, in addition, shall be responsible for the overall supervision of each project, for the overhead and general administrative costs of the lessee which are incurred because of such project and for the integration of each project operation into the lessee’s educational program. (b) Whenever the authority under Section 94191 makes loans for the construction of a project, the private college or university applicant at which such project is located shall be responsible for the direct operation and maintenance costs of such project and, in addition, shall be responsible for the overall supervision of each project, for the overhead and general administrative costs of the private college or university applicant which are incurred because of such project and for the integration of each project operation into the institution’s educational program. (Amended by Stats. 2022, Ch. 572, Sec. 29. (AB 190) Effective September 27, 2022.)

Key Takeaways

•If a private college or university rents a building from the government, they have to pay for all the costs to run and take care of it.
•The college must also make sure the building fits into their school programs and follows their rules.
•If the college gets a loan from the government to build something, they still have to pay for running and maintaining it, just like if they rented it.

Example

A private university gets a loan from the government to build a new science lab.

Key Takeaways

Example

Key Terms

References

§ 94194 Private College Project Costs

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References