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California Education Code Section 92449

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The regents shall fix rents, charges, and fees for all
projects acquired, constructed, or completed under the terms of this
chapter for the use of such projects by any persons utilizing the
facilities of such projects, subject to such contractual obligations
as may be entered into by the regents and the holders of bonds issued
pursuant to this chapter.  The regents may change rents, charges,
and fees from time to time, as conditions warrant.  All rents,
charges, and fees shall at all times be fixed to yield annual revenue
equal to annual operating and maintenance expenses, including
repairs and insurance costs and all redemption payments and interest
charges and reserve fund requirements on revenue bonds at any time
issued and outstanding pursuant to this chapter, as they become due.

Last modified: January 12, 2009