Educational facilities: California Educational Facilities Authority.

Existing law establishes the various segments of the public higher education system in the state. These segments include the University of California, which is administered by the Regents of the University of California, the California State University, administered by the Trustees of the California State University, and the California Community Colleges, administered by the Board of Governors of the California Community Colleges. Existing law establishes the California Educational Facilities Authority Act and the California Educational Facilities Authority (1) to provide private institutions of higher education within the state with an additional means by which to expand, enlarge, and establish dormitory, academic, and related facilities, to finance those facilities, and to refinance existing facilities, and (2) to enter into agreements with nonprofit entities, as defined, to develop student, faculty, and staff housing on near the campuses of the University of California, the Hastings College of the Law, the California State University, the California Community Colleges, or a participating private college, as specified. The act authorizes the authority to fund, as specified, and to construct, acquire, or otherwise provide projects for these purposes. The acts defines "projects" for a participating private college to mean a dormitory, an educational facility, or faculty or staff housing, and defines "projects" for a participating nonprofit entity to mean the construction or acquisition of student housing or faculty and staff housing. The act requires, for a participating nonprofit entity project, that the project include and maintain for 40 years a restriction to the grant deed on the real property on which the student or faculty or staff housing is to be located, with specified rights for the participating institution and its students, faculty, or staff. This bill would amend the definitions applicable to the California Educational Facilities Authority Act to also provide authority assistance for student housing projects for a participating private college, and to also provide that assistance for educational facilities projects for a participating nonprofit entity. The bill would require a project of a nonprofit entity to include and maintain the grant deed restriction on a project only if the project is for student, faculty, or staff housing located on property outside the boundary of a campus on land not owned by the applicable institution. Because this bill would authorize the authority to expend funds for new purposes, it would make an appropriation.