Education Code - EDC
TITLE 3. POSTSECONDARY EDUCATION [66000 - 101460]
( Title 3 enacted by Stats. 1976, Ch. 1010. ) DIVISION 10. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS [94000 - 95010]
( Division 10 enacted by Stats. 1976, Ch. 1010. ) PART 59. PRIVATE POSTSECONDARY AND HIGHER EDUCATION INSTITUTIONS [94000 - 95010]
( Part 59 enacted by Stats. 1976, Ch. 1010. ) CHAPTER 2. California Educational Facilities Authority Act [94100 - 94213]
( Chapter 2 enacted by Stats. 1976, Ch. 1010. ) ARTICLE 4. Powers and Duties; Notes and Bonds [94140 - 94156]
( Article 4 enacted by Stats. 1976, Ch. 1010. ) 94142.
The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project together with the amount of pledged revenues, debt service coverage, and basic security, in addition to establishing machinery to monitor the ongoing compliance of each project with state authority and bond indenture requirements.
(Enacted by Stats. 1976, Ch. 1010.)