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HomeEducation CodeCh. 5Art. 4§ 92532 Construction Fund Investment Authority

§ 92532 Construction Fund Investment Authority

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

§ 92532 Construction Fund Investment Authority

Key Takeaways

  • •Money in a construction fund can be invested however the regents want.
  • •The regents have full control over how to invest the money.
  • •There might be some rules if there are revenue bonds involved.

Example

A university has a construction fund for building a new library.

The university's regents can decide to invest the money in stocks, bonds, or other investments to grow the fund. If the university has issued revenue bonds for the library, there might be some rules on how the money can be invested.

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

Official Source
View on CA.gov

§ 92532 Construction Fund Investment Authority

Moneys in any construction fund may be invested as the regents in its sole discretion shall determine, subject only to such limitations as may be provided in an indenture providing for the issuance of revenue bonds. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

agreementconstructionthe universityinvestmentdiscretionissuance

Related Statutes

  • § 92531 Revenue Bond Proceeds Use
  • § 92533 Surplus Revenue Bond Funds
  • § 81965 District Construction Fund Investments
  • § 81966 Community College Surplus Funds
  • § 92438 Regents Property Disposal Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 92532.
View Official Source