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Code · California · Education Code

§ 81663

100 words·~1 min read·/ca/education-code/81663

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The governing board of any community college district may borrow funds from federal or state regulated financial institutions for design and construction costs associated with retrofitting buildings to become more energy efficient. The amount borrowed shall not exceed the amount that can be repaid from energy cost avoidance savings accumulated from the improvement of facilities.
(b)Any savings association may make loans or advances of credit pursuant to subdivision
(a)in an amount not in excess of 5 percent of its total assets. This investment may be in addition to any other investment savings associations are permitted to undertake.
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