Amended in Assembly March 17, 2016

California Legislature—2015–16 Regular Session

Assembly Bill No. 2664

Introduced by Assembly Member Irwin

February 19, 2016

An act to begin delete amend Section 69431 end delete begin insert add Chapter 14.5 (commencing with Section 92965) to Part 57 of Division 9 of Title 3 end insert of the Education Code, relating to begin delete student financial aid. end delete begin insert the University of California, and making an appropriation therefor. end insert

LEGISLATIVE COUNSEL’S DIGEST

AB 2664, as amended, Irwin. begin delete Cal Grant Program. end delete begin insert University of California: innovation and entrepreneurship expansion. end insert

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Existing law establishes the University of California, under the administration of the Regents of the University of California, as one of the segments of public postsecondary education in this state. The University of California comprises 10 campuses, which are located at Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz, and other facilities operated by the university, including the Lawrence Berkeley National Laboratory.

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This bill would provide funding to the University of California to expand the infrastructure necessary to increase innovation and entrepreneurship for the purpose of creating economic development. The bill would specify the manner in which funding provided under the bill could be used by the University of California. The bill would require the University of California to report to the Department of Finance and the Legislature annually on the use of the funding provided for purposes of the bill.

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The bill would appropriate $66,000,000 from the General Fund to the Regents of the University of California for allocation, for purposes of the bill, in equal amounts in the 3 fiscal years from 2017-18 to 2019-20, inclusive.

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Existing law, the Ortiz-Pacheco-Poochigian-Vasconcellos Cal Grant Program (Cal Grant Program), establishes the Cal Grant A and B Entitlement Awards, the California Community College Transfer Entitlement Awards, the Competitive Cal Grant A and B Awards, the Cal Grant C Awards, and the Cal Grant T Awards under the administration of the Student Aid Commission, and establishes eligibility requirements for awards under these programs for participating students attending qualifying institutions.

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This bill would make a technical, nonsubstantive change to the provision that establishes the Cal Grant Program.

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Vote:  begin delete majority end delete begin insert ²⁄₃ end insert . Appropriation:  begin delete no end delete begin insert yes end insert . Fiscal committee:  begin delete no end delete begin insert yes end insert . State-mandated local program: no.

The people of the State of California do enact as follows:

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begin insert SECTION 1. end insert   

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With respect to innovation and entrepreneurship
expansion at the University of California, the Legislature finds
and declares all of the following:

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(a) The State of California is well-positioned to harness the
power of the University of California’s expertise to spur economic
development.

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(b) The University of California contributed to the foundational
research breakthroughs that launched some of California’s
strongest industries, including aerospace, agriculture,
biotechnology, computers and semiconductors,
telecommunications, and digital media.

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(c) Research at the University of California continues to create
new inventions that will be the genesis of tomorrow’s industries,
companies, and commercial successes.

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(d) Innovation and entrepreneurship at the University of
California create equitable economic development throughout
California.

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(e) It is therefore the intent of the Legislature to provide funds
to establish or expand the infrastructure at each campus and the
Lawrence Berkeley National Laboratory (LBNL) to expand
infrastructure necessary to build a network of innovators,
entrepreneurs, startups, investors, and industry and community
partners to spur innovation and economic development in
communities surrounding University of California campuses, the
LBNL, and across California.

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begin insert SEC. 2. end insert   

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begin insert Chapter 14.5 (commencing with Section 92965) is
added to Part 57 of Division 9 of Title 3 of the end insert begin insert Education Code end insert begin insert ,
to read: end insert

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Chapter   begin insert 14.5. end insert Innovation and Entrepreneurship
Expansion

 

begin insert 92965. end insert   

(a) Moneys to be appropriated for this chapter shall
be used by the University of California to expand the infrastructure
necessary to increase innovation and entrepreneurship for the
purpose of creating economic development.

(b) The funds referenced in subdivision (a) shall be used to fund
innovation and entrepreneurship programs at each campus of the
University of California and the Lawrence Berkeley National
Laboratory (LBNL).

(c) The manner in which the funds provided for purposes of this
chapter will be used shall be determined by the University of
California. These uses may include, but shall not necessarily be
limited to, the establishment of programs or projects to facilitate
economic development in communities surrounding the 10
campuses of the University of California, the LBNL, and other
locations across California for purposes such as any of the
following:

(1) Providing business training and resources to reduce common
barriers to success for entrepreneurs and startup companies.

(2) Offering subsidized work and laboratory space to startups
for prototype development, proof-of-concept research, or both.

(3) Providing proof-of-concept funding to increase the likelihood
that entrepreneurs and startup companies will attract venture or
corporate capital backing.

(4) Providing mentorship to the underrepresented interested in
entrepreneurial pursuits.

(5) Coordinating and aligning innovation functions at a campus
of the university or at the LBNL, and building relationships
between the university environment and successful, independent
enterprises to facilitate the rollout of products to the market and
the public.

begin insert 92966. end insert   

The University of California shall report to the
Department of Finance and the Legislature annually on the use
of the funding provided for purposes of this chapter. This annual
report shall comply with Section 9795 of the Government Code.

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begin insert SEC. 3. end insert   

The sum of sixty-six million dollars ($66,000,000) is
appropriated from the General Fund to the Regents of the
University of California for allocation, for purposes of Chapter
14.5 (commencing with Section 92965) of Part 57 of Division 9 of
Title 3 of the Education Code, in accordance with the following
schedule:

(a) Twenty-two million dollars ($22,000,000) for expenditure
for the 2017-18 fiscal year.

(b) Twenty-two million dollars ($22,000,000) for expenditure
for the 2018-19 fiscal year.

(c) Twenty-two million dollars ($22,000,000) for expenditure
for the 2019-20 fiscal year.

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SECTION 1.  

Section 69431 of the Education Code is amended
to read:

69431.  

There is hereby established the
Ortiz-Pacheco-Poochigian-Vasconcellos Cal Grant Program, which
may be referred to as the Cal Grant Program.

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