BILL NUMBER: SB 1243	INTRODUCED
	BILL TEXT


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 introduced, Romero. University of California: student
fee disclosure.
   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 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.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
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


   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.