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California Law (Last Updated: March 4, 2014) |
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Education Code - EDC |
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Title 3. POSTSECONDARY EDUCATION |
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Division 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS |
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Part 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS |
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Chapter 2. California Educational Facilities Authority Act |
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ARTICLE 7. Construction of Facilities |
Section 94194.
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(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, 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 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 which are incurred because of such project and for the integration of each project operation into the institution's educational program.