SB 967 Summary

• Prohibits California State University trustees from increasing executive officer compensation or approving bonuses for 2 years following any fiscal year in which mandatory student fees increase or General Fund appropriations decrease or remain flat

• Requests (but does not require) University of California Regents to adopt the same compensation restrictions as CSU

• Caps incoming executive officer compensation at 105% of the predecessor's compensation for the same position

• Applies to executive officers entering into or renewing employment contracts on or after January 1, 2013, including chancellors, vice chancellors, campus presidents, and general counsel

• Sunsets on January 1, 2023, unless extended by subsequent legislation