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.