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Legal Resources | Education Code |  EC  67354.5  

Short-term loans to community colleges   

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The proceeds of the bonds may also be used to provide short-term loans to community colleges for the purchase of instructional equipment. Those loans shall be repaid from the first moneys available in the Capital Outlay Fund for Public Higher Education beginning in the 1987-88 fiscal year.

(Added by Stats. 1986, Ch. 424, Sec. 2. Ratified November 4, 1986, by adoption of Proposition 56.)