SECTIONS 15820.21-15820.22 - California Statutes

GOVERNMENT CODE

SECTION 15820.21-15820.22

15820.21. (a) In order to provide for facilities or portions
thereof for research within the University of California, including
the acquisition of land, buildings, related infrastructure, and
equipment and the construction, renovation, and equipping of research
facilities or portions thereof and related infrastructure to be
dedicated to long-term scientific research activities that are
expected to generate federal funding for research and to enhance the
economy of this state and the nation or the competitive position of
this state and the nation in the international economy, it is the
intent of the Legislature to authorize the University of California
to use the revenues referenced in subdivision (b) for the
acquisition, construction, renovation, equipping, and maintenance of
certain research facilities, or portions thereof, and related
infrastructure and for the financing and refinancing of these
projects.
(b) To the extent necessary, increases in revenues received by the
University of California that are derived from increases in research
due to each project shall be available to the Regents of the
University of California and shall be used by the regents for the
purpose of funding the capital costs, maintenance costs, and
financing or refinancing thereof, provided that the project has been
specifically identified by a statute. Revenue increases in excess of
the amount necessary for these purposes shall be shared by the
university and the state based on state and university budgetary
policies.
(c) The capital costs, maintenance costs, and financing or
refinancing of the buildings, facilities, or equipment described in
this section shall be the responsibility of the regents and payable
from university funds. For purposes of this section, "university
funds" shall not include any funds appropriated from the state.
(d) This section shall be construed and applied in a manner
entirely consistent with the obligations of the Regents of the
University of California under any bond indenture or other financing
document in effect on July 11, 1990.

15820.22. No provision of this article shall be applicable to the
Regents of the University of the California unless the regents adopt
a resolution to make the provisions applicable.