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CA AB2202

Bill

Status

Passed

9/26/2018

Primary Sponsor

Adam Gray

Click for details

Origin

State Assembly

2017-2018 Session

AI Summary

  • Creates the University of California, San Francisco, San Joaquin Valley Regional Campus Medical Education Endowment Fund in the State Treasury to support development and operation of a branch medical school campus in the San Joaquin Valley

  • Requires the endowment fund to accumulate $500 million in principal before any funds can be expended on the branch campus development, operation, or maintenance

  • Upon Controller determination that the fund has achieved $500 million and generates sufficient investment earnings, UC must seek approval and accreditation from the Liaison Committee on Medical Education for a branch campus supporting 50 students per class (200 total students)

  • Authorizes the fund to receive donations and contributions from public and private entities, partnerships, fees, and transfers from the General Fund, with earnings retained by the fund

  • Requires endowment fund allocations to supplement, not replace, existing University of California budget allocations for any fiscal year

Legislative Description

University of California: school of medicine: San Joaquin Valley Regional Medical Education Endowment Fund.

Last Action

Chaptered by Secretary of State - Chapter 756, Statutes of 2018.

9/26/2018

Committee Referrals

Appropriations6/28/2018
Education6/7/2018
Rules5/31/2018
Appropriations4/25/2018
Higher Education3/1/2018

Full Bill Text

No bill text available