Project financing requests from the regents shall be accompanied by an opinion of bond counsel to the effect that the board’s bonds issued for the project will be able to receive a customary approving opinion as to state law and federal income tax law. The costs of obtaining the legal opinion shall not be eligible for reimbursement from the proceeds of the bonds.
(Added by Stats. 2000, Ch. 71, Sec. 30. Effective July 5, 2000.)
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