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HomeEducation CodeDiv. 7Pt. 49Ch. 3Art. 3.5§ 81663 Community College Energy Loans

§ 81663 Community College Energy Loans

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

§ 81663 Community College Energy Loans

Key Takeaways

  • •Community colleges can borrow money from banks to make their buildings more energy efficient.
  • •They can only borrow as much as they can pay back using the money they save on energy bills.
  • •Banks can lend up to 5% of their total money for these projects.

Example

A community college wants to upgrade its old buildings to use less electricity.

The college can take a loan from a bank to pay for the upgrades, but they can only borrow what they’ll save on energy bills. If they save $10,000 a year on electricity, they can’t borrow more than that amount.

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

Official Source
View on CA.gov

§ 81663 Community College Energy Loans

(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. (Added by Stats. 1991, Ch. 1038, Sec. 8. Effective October 14, 1991.)

Last verified: January 23, 2026

Key Terms

communityinvestmenteffective octoberconstructionavoidanceimprovementassociationaddition

Related Statutes

  • § 17324 Private School Building Inspections
  • § 17329 Professional Oversight Of Construction
  • § 51440 Military Service High School Diploma
  • § 81601 Community College Property Insurance
  • § 81621 Energy Independence Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 81663.
View Official Source