The California Student Housing Revolving Loan Fund Act of 2022 authorizes the California School Finance Authority or the California Educational Facilities Authority, as applicable, to provide zero-interest loans to qualifying applicants of the University of California, the California State University, and the California Community Colleges for purposes of constructing affordable student housing and affordable faculty and staff housing, as provided. The act establishes the California Student Housing Revolving Loan Fund as a continuously appropriated fund in the State Treasury.
This bill would make a nonsubstantive change to the provision establishing the fund.