CSCDA Higher Education Policy
It is the policy of the California Statewide Communities Development Authority (the “Authority”) to consider favorably the issuance of bonds, notes or other evidences of indebtedness (the “Bonds”) for the financing or refinancing of higher educational facilities to be utilized by a non-profit organization (the “Applicant”) provided that the Applicant does not discriminate on the basis of a student or teacher’s national or ethnic origin, disability, race, creed, color, sexual preference or religion in the administration of its admission or hiring policies. Additionally, per the CSCDA General Guidelines the Applicant must demonstrate that the community will receive a public benefit as a result of the financing or refinancing of the Applicant’s facilities.
The requirements as listed above will apply to the financing or refinancing of facilities that will be used for higher educational facilities. The Authority will consider each request for approval of projects not adhering to the Authority’s requirements as described above on a case-by-case basis.
The Authority may review the requirements as listed above from time to time and at such time will make any modifications to such requirements as the Authority deems appropriate.
Effective Date: June 7, 2012