BILL NUMBER: AB 2664 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY APRIL 26, 2016
AMENDED IN ASSEMBLY MARCH 17, 2016
INTRODUCED BY Assembly Member Irwin
FEBRUARY 19, 2016
An act to add Chapter 14.5 (commencing with Section 92965) to Part
57 of Division 9 of Title 3 of the Education Code, relating to the
University of California, and making an appropriation
therefor. California.
LEGISLATIVE COUNSEL'S DIGEST
AB 2664, as amended, Irwin. University of California: innovation
and entrepreneurship expansion.
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. Laboratory (LBNL).
This bill would provide funding to require
the University of California to expand the infrastructure
necessary to increase innovation and entrepreneurship activities
across the state for the purpose of creating economic
development. The bill would specify that funds appropriated for
that purpose shall be used to fund innovation and entrepreneurship
programs as each of the university's campuses, the LBNL, and in other
areas of the state that may benefit from those programs, but would
require the university to determine the manner in which
the funding provided under the bill could be used by
the University of California. would be used,
consistent with the bill's provisions. In implementing these
provisions, the bill would require the university to
consult with public and private stakeholders and to design programs
to enhance, not necessarily duplicate, the state's network of
innovation-based business development programs and services.
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.
bill, as specified. The bill would make implementation of its
provisions contingent on an appropriation for its purposes in the
annual Budget Act.
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.
Vote: 2/3 majority . Appropriation:
yes no . Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. With respect to innovation and entrepreneurship
expansion at the University of California, the Legislature finds and
declares all of the following:
(a) The State of California is well-positioned to harness the
power of the University of California's expertise to spur economic
development.
(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.
(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.
(d) Innovation and entrepreneurship at the University of
California create equitable economic development throughout
California.
(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 for
purposes of enhancing the state's network of programs and
services that support 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.
SEC. 2. Chapter 14.5 (commencing with Section 92965) is added to
Part 57 of Division 9 of Title 3 of the Education Code, to read:
CHAPTER 14.5. INNOVATION AND ENTREPRENEURSHIP EXPANSION
92965. (a) Moneys to be appropriated for this chapter
shall be used by With funds appropriated for purposes
of this chapter, the University of California to
expand the infrastructure necessary to shall
increase innovation and entrepreneurship activities across the
state 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 California,
the Lawrence Berkeley National Laboratory (LBNL).
(LBNL), and in other areas of the state that may
benefit from these programs.
(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 and the
purchase of equipment to facilitate innovation-based
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. mentorship,
including mentorship to individuals from population groups who have
historically been underrepresented in science and innovation-based
industries.
(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.
(d) In implementing this chapter, the University of California
shall design programs to enhance, not necessarily duplicate, the
state's network of innovation-based business development programs and
services. The University of California shall also consult with
public and private stakeholders when implementing this chapter in
order to ensure programs authorized by this chapter strengthen the
state's entrepreneurial capacity and global competitiveness. This may
include new partnerships and initiatives with public and private
economic development entities, including, but not limited to, local
and regional economic development corporations, small business
development centers, business accelerators, and Innovation Hubs.
92966. (a) 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
(b) (1) The annual report shall include, at a minimum, all of the
following:
(A) The number of businesses and entrepreneurs assisted.
(B) The industry sectors of the businesses and entrepreneurs
assisted.
(C) The cities in which the businesses and entrepreneurs assisted
are located. For businesses or entrepreneurs assisted in cities with
a population of less than 250,000, only the county shall be listed.
(D) The number of total employees employed by the businesses and
entrepreneurs assisted at the time those businesses and entrepreneurs
were assisted, based on the following categories, whichever is the
most appropriate:
(i) No employees.
(ii) Five employees or fewer.
(iii) Twenty employees or fewer.
(iv) Under 50 employees.
(v) Under 100 employees.
(vi) Under 500 employees.
(E) The number of jobs created and the number of jobs retained.
(F) The amount of capital infusion, in both debt and equity,
obtained by businesses and entrepreneurs assisted.
(2) Subparagraphs (D) to (F), inclusive, shall be reported on an
aggregated basis.
(c) The annual report shall
comply with Section 9795 of the Government Code.
92967. This chapter shall not be implemented unless funds are
appropriated for its purposes in the annual Budget Act.
SEC. 3. 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.