BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 1040
                                                                  Page  1


          SENATE THIRD READING
          SB 1040 (Budget and Fiscal Review Committee)
          As Amended  June 25, 2012
          Majority vote.  Budget Bill Appropriation Takes Effect 
          Immediately 

           SENATE VOTE  :Vote not relevant  
           
           SUMMARY  :  Contains necessary statutory and technical changes to 
          implement the Budget Act of 2012 related to higher education.  
          Specifically,  this bill  :

          1)Appropriates $37.6 million to the University of California 
            (UC) for the purposes of addressing a portion of the UC's 
            employer pension contribution costs for the University of 
            California Retirement Plan (UCRP).  This amount is intended 
            only to help address UC's employer pension cost increases that 
            are attributable to state General Fund and tuition-funded 
            employees. 

          2)Appropriates $365,000 to the Hastings College of the Law for 
            the purposes of addressing a portion of the Hastings' employer 
            pension contribution costs for the UCRP.  This amount is 
            intended only to help address Hastings' employer pension cost 
            increases that are attributable to state General Fund and 
            tuition-funded employees. 

          3)Appropriates $125 million for fiscal year 2013-14 to UC.  This 
            funding is contingent on:  a) the passage of the Schools and 
            Local Public Safety Protection Act of 2012; and, b) UC 
            maintaining its 2011-12 mandatory system wide tuition fee 
            levels through the 2012-13 academic year. 

          4)Appropriates $125 million for fiscal year 2013-14 to the 
            California State University (CSU).  This funding is contingent 
            on:  a) the passage of the Schools and Local Public Safety 
            Protection Act of 2012; and, b) CSU maintaining the 2011-12 
            mandatory system wide tuition fee levels through the 2012-13 
            academic year. 

          5)Contains an appropriation allowing this bill to take effect 
            immediately upon enactment.










                                                                  SB 1040
                                                                  Page  2


           Analysis Prepared by  :    Sara Bachez / BUDGET / (916) 319-2099


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