Section 59603 - Determining Specific Allowable Capital Direct CostsSpecific to each college facility and grounds (or like college facilities and grounds as described in section 59602(b)), the community college district shall quantify annual capital direct costs as follows:
(a) Determine the useful life in years from the initial date of occupancy or use.(b) Estimate the expected cost to maintain, repair, restore, or refurbish the college facility or grounds at the end of its useful life. Substitute the estimated cost to replace a college facility or grounds when maintenance, repair, restoration or refurbishment would not be practicable or cost effective.(c) Divide the cost in subdivision (b) over the number of years in subdivision (a) to reflect the annual cost.Cal. Code Regs. Tit. 5, § 59603
1. New section filed 7-25-2023; operative 8-24-2023. Submitted to OAL for printing only pursuant to Education Code section 70901.5 (Register 2023, No. 36). Former section 59603 expired by its own terms 1-1-2020. See Register 2015, No. 51. Note: Authority cited: Sections 82537 and 82542, Education Code. Reference: Sections 82537 and 82542, Education Code.
1. New section filed 12-4-2015; operative 1-3-2016. Section operative until 1-1-2020. Submitted to OAL for printing only pursuant to Education Code section 70901.5 (Register 2015, No. 51).