California Education Code

§ 92169

EDC § 92169 Effective Jan 1, 2025Div. 9 · Title 3 · Part 57 · Ch. 2 · Art. 6.6

Statute text

(a)(1) Upon the determination of the Controller, in consultation with the University of California, that the endowment fund has adequate principal to annually yield sufficient investment earnings, from the date of determination, to cover the annual costs for the development, operation, and maintenance of a branch campus of an existing University of California School of Medicine in the County of Kern, the University of California shall seek approval and accreditation from the Liaison Committee on Medical Education for a branch campus of an existing University of California School of Medicine in the County of Kern.

(2)The Controller, upon appropriation by the Legislature, shall transfer moneys from the endowment fund to the University of California, in an amount equal to the estimated costs of applying for and obtaining approval and accreditation from the Liaison Committee on Medical Education for a branch campus of an existing University of California School of Medicine in the County of Kern.

(b)Any funds, public or private, received for or generated by the endowment fund shall supplement, not supplant, any current or future funding. Any funds allocated from the endowment fund shall supplement, not supplant, the University of California budget allocations for any fiscal year.

Legislative history

Added by Stats. 2024, Ch. 959, Sec. 1. (AB 2357) Effective January 1, 2025.