BILL ANALYSIS Ó
AB 2215
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Date of Hearing: May 4, 2016
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Lorena Gonzalez, Chair
AB
2215 (Medina) - As Introduced February 18, 2016
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|Policy |Governmental Organization |Vote:|18 - 0 |
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| |Higher Education | |13 - 0 |
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Urgency: No State Mandated Local Program: NoReimbursable: No
SUMMARY:
This bill requires the Board of Trustees of the California State
University to deposit funds received from California State
Lottery Education Fund into the California State University
Trust Fund instead of the California State University Lottery
AB 2215
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Education Fund.
FISCAL EFFECT:
Minor cost savings for California State University (CSU) from
streamlined processes.
COMMENTS:
1)Purpose and background. According to the author, this bill
will eliminate unnecessary administrative processes associated
with utilizing funds from the California State University
Lottery Education Fund.
Under current law, funds from the California State Lottery
Education Fund are distributed quarterly into the California
State University Lottery Education Fund, which serves as the
depository account for CSU lottery funds. CSU accounting staff
then submits quarterly transfer requests to move these funds
into the California State University Trust Fund. After this,
funds are then distributed to campuses and programs.
2)Support from Controller. The State Controller supports AB
2215.
Analysis Prepared by:Luke Reidenbach / APPR. / (916)
319-2081
AB 2215
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