In this report, the California Postsecondary Educational Commission responds to a request by the Chancellor of the California Community Colleges that it review a proposal for a new community college--Folsom Lake College in Sacramento County within the Los Rios Community College District. The Commission offers eight conclusions and two recommendations, based on criteria adopted in its recently revised Guidelines for Review of Proposed University Campuses, Community Colleges, and Educational Centers (1992). The criteria are: enrollment projections, alternatives, serving the disadvantaged, academic planning, accessibility, effects on other institutions, environmental impact, and economic efficiency. The Commission recommends to the Governor and Legislature: (1) that Folsom Lake College be approved as the fourth college of the Los Rios Community College District and the 108th college within the California Community Colleges system; and (2) that Folsom Lake College become eligible for State capital outlay funding as of the 1993-94 fiscal year. Appended in this report are the Los Rios Community College District Mission Statement, Goals, Planning Assumptions, and Implications; the Board of Governors' Agenda Item 17, September 10-11, 1992; the Preliminary Capital Outlay Cost Estimate for On-Site Development at Folsom Lake College; and Letters of Support for Folsom Lake College. Contains 24 references. (VWC)