California Education Code 94123 – Notwithstanding any other provision of law neither of the following …
Notwithstanding any other provision of law neither of the following is a conflict of interest:
(a) Service by a trustee, director, officer, or employee of a participating private college, public college, or public university as a member of the authority, provided that the trustee, director, officer, or employee abstains from discussion, deliberation, action, and vote by the authority under this chapter with respect to the participating private college, public college, or public university for which that member is a trustee, director, officer, or employee.
Terms Used In California Education Code 94123
- Authority: means the California Educational Facilities Authority created by this chapter or any board, body, commission, department, or officer succeeding to the principal functions of the authority or to whom the power conferred upon the authority by this chapter is given by law. See California Education Code 94110
- Bond: means bonds, notes, debentures, securities, or other evidences of indebtedness of the authority issued pursuant to this chapter. See California Education Code 94110
- Fiduciary: A trustee, executor, or administrator.
- Private college: means an institution for higher education other than a public college, situated within the state and that, by virtue of law or charter, is a nonprofit private or independent degree-granting educational institution that is regionally accredited and empowered to provide a program of education beyond the high school level. See California Education Code 94110
- Public college: means a community college. See California Education Code 94110
- Public university: means any campus of the University of California, the California State University, or the Hastings College of the Law. See California Education Code 94110
- Trustee: A person or institution holding and administering property in trust.
(b) Affiliation of a member of the authority with a bank that serves the authority as bond trustee, depository of funds, or in any other financial, advisory, or fiduciary capacity.
(Amended by Stats. 2001, Ch. 569, Sec. 3. Effective January 1, 2002.)