Postsecondary education: California Educational Facilities Authority.

Existing law establishes the University of California, the California State University, the California Community Colleges, and independent institutions of higher education as segments of higher education in this state. The California Educational Facilities Authority Act establishes the California Educational Facilities Authority to, among other things, (1) 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, finance those facilities, and refinance existing facilities; and (2) enter into agreements with nonprofit entities, as defined, to develop student, faculty, and staff housing on or 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 for, projects for these purposes. The act defines "project" for a participating private college to mean a dormitory, an educational facility, or faculty or staff housing, and defines "project" for a participating nonprofit entity to mean the construction or acquisition of student housing or faculty and staff housing. The act requires, among other things, that a project involving a participating nonprofit entity 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 specify that the above-referenced requirement for a grant deed restriction does not apply to a project for student, faculty, or staff housing located on property within the boundary of a campus or on property located outside the campus boundary and owned by the applicable institution.