Bill Text: CA SB1243 | 2009-2010 | Regular Session | Amended

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Bill Title: University of California: use of student fees.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-04-28 - From committee with author's amendments. Read second time. Amended. Re-referred to Com. on RLS. [SB1243 Detail]

Download: California-2009-SB1243-Amended.html

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BILL NUMBER: SB 1243	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 28, 2010

INTRODUCED BY   Senator Romero

                        FEBRUARY 19, 2010

   An act to add Article 6 (commencing with Section 92060) to Chapter
1 of Part 57 of Division 9 of Title 3 of the Education Code,
relating to the University of California.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1243, as amended, Romero. University of California:  use of
 student  fee disclosure.   fees. 
   Existing law establishes the University of California as a public
trust and requires the university to be administered by the Regents
of the University of California, a corporation in the form of a
board, with full powers of organization and government, subject to
legislative control only for specified purposes.
   This bill would  require   urge  the
regents  to submit to the Legislature quarterly reports that
disclose the percentage of student fees that the regents pledge to
financial institutions as collateral or debt service for loans for
capital improvements to the University of California  
to use educational fees, as defined, only for purposes that would be
permissible uses of moneys from the General Fund  .
   Vote: majority. Appropriation: no. Fiscal committee:  yes
  no  . State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Article 6 (commencing with Section 92060) is added to
Chapter 1 of Part 57 of Division 9 of Title 3 of the Education Code,
to read:

      Article 6.  Student  Fee Disclosures  
Fees 


   92060.  The Regents of the University of California  shall
submit to the Legislature quarterly reports that disclose the
percentage of student fees that the regents pledge to financial
institutions as collateral or debt service for loans for capital
improvements to the University of California.   are
urged to use "educational fees" imposed in accordance with Regents
  Policy 3101, as amended March 25, 2010, or its successors,
only for purposes that would be permissible uses of moneys from the
General Fund.