67358-67358.2

EDUCATION CODE
SECTION 67358-67358.2




67358.  This chapter shall be known and may be cited as the Higher
Education Facilities Bond Act of June 1992.



67358.1.  The Legislature finds and declares all of the following:
   (a) California's economic and social prosperity relies on a higher
education system that keeps pace with California's growth. In the
coming decades, the state's economic prosperity will depend on
increasing the productivity of the work force and on the ability to
compete successfully in the world marketplace.
   (b) The system of public higher education in this state includes
the University of California containing nine campuses, the California
State University containing 20 campuses, the California Community
Colleges consisting of 71 districts containing 107 campuses, the
Hastings College of the Law, the California Maritime Academy, and
their respective off-campus centers. Each of these institutions plays
a vital role in maintaining California's dominance in higher
education in the United States.
   (c) Over the last several years, studies have been completed by
the University of California, the California State University, and
the California Community Colleges to assess their long-term and
short-term capital needs. Those studies demonstrate that the
long-term and short-term needs total, in the aggregate, several
billion dollars.
   (d) The purpose of the Higher Education Facilities Bond Act of
June 1992 is to assist in meeting the capital outlay financing needs
of California's public higher education system.



67358.2.  As used in this chapter, the following terms have the
following meanings:
   (a) "Committee" means the Higher Education Facilities Finance
Committee created pursuant to Section 67353.
   (b) "Fund" means the 1992 Higher Education Capital Outlay Bond
Fund created pursuant to Section 67358.3.