Bill Text: CA AB2664 | 2015-2016 | Regular Session | Chaptered
Bill Title: University of California: innovation and entrepreneurship expansion.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2016-09-30 - Chaptered by Secretary of State - Chapter 862, Statutes of 2016. [AB2664 Detail]
Download: California-2015-AB2664-Chaptered.html
BILL NUMBER: AB 2664 CHAPTERED
BILL TEXT
CHAPTER 862
FILED WITH SECRETARY OF STATE SEPTEMBER 30, 2016
APPROVED BY GOVERNOR SEPTEMBER 30, 2016
PASSED THE SENATE AUGUST 18, 2016
PASSED THE ASSEMBLY AUGUST 24, 2016
AMENDED IN SENATE JUNE 22, 2016
AMENDED IN ASSEMBLY APRIL 26, 2016
AMENDED IN ASSEMBLY MARCH 17, 2016
INTRODUCED BY Assembly Member Irwin
FEBRUARY 19, 2016
An act to add Chapter 14.5 (commencing with Section 92965) to Part
57 of Division 9 of Title 3 of the Education Code, relating to the
University of California.
LEGISLATIVE COUNSEL'S DIGEST
AB 2664, Irwin. University of California: innovation and
entrepreneurship expansion.
Existing law establishes the University of California, under the
administration of the Regents of the University of California, as one
of the segments of public postsecondary education in this state. The
University of California comprises 10 campuses, which are located at
Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego,
San Francisco, Santa Barbara, and Santa Cruz.
This bill would require the University of California to make
one-time expenditures for activities to expand or accelerate economic
development in the state in ways that are aligned with other efforts
to support innovation and entrepreneurship. The bill would identify
a specific funding source in the Budget Act of 2016 appropriated for
that purpose and would allocate $2,200,000 under that appropriation
to each of 10 campuses of the University of California. The bill
would require the regents to designate an external advisory board, as
provided, to encourage the effective use of these funds through
planning and oversight and would prohibit a campus from expending
these funds unless the external advisory body has certified that the
chancellor of that campus has made certain demonstrations, including,
among others, that funds will only be used for the costs of
activities that support the expansion or acceleration of economic
development in the state and that private funds that at least match
the amount of state funds will also be used on those activities. The
bill would require the University of California to report to the
Department of Finance and the Legislature on or before November 30,
2017, on the specific activities at each campus supported by these
funds.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. With respect to innovation and entrepreneurship by
those connected to the University of California, the Legislature
finds and declares all of the following:
(a) The State of California is well-positioned to harness the
power of the University of California's expertise to spur economic
development.
(b) The University of California contributed to the launch and
growth of some of California's strongest industries, including
aerospace, agriculture, biotechnology, computers and semiconductors,
telecommunications, and digital media.
(c) Instruction and research at the University of California can
be the genesis of tomorrow's industries, companies, and commercial
successes.
(d) As a public institution of higher education, the University of
California is positioned to address challenges faced by
entrepreneurs--challenges that are particularly acute for groups such
as women and minorities who are typically underrepresented in
private incubators and accelerators.
(e) It is therefore the intent of the Legislature to provide
one-time funds for new infrastructure at each campus to (1) enhance
the state's network of programs and services that support innovators,
entrepreneurs, startups, investors, and industry and community
partners that are locally based and committed to serving in
communities across California and (2) generate commitments of private
funds for these activities in an amount at least equal to the amount
of state funds.
SEC. 2. Chapter 14.5 (commencing with Section 92965) is added to
Part 57 of Division 9 of Title 3 of the Education Code, to read:
CHAPTER 14.5. INNOVATION AND ENTREPRENEURSHIP EXPANSION
92965. (a) With funds appropriated in Item 6440-001-0001 of
Section 2.00 of the Budget Act of 2016, the University of California
shall make one-time expenditures for activities to expand or
accelerate economic development in the state in ways that are aligned
with other efforts to support innovation and entrepreneurship.
(b) From the funds specified in subdivision (a), two million two
hundred thousand dollars ($2,200,000) shall be allocated to each of
the following campuses of the University of California:
(1) Berkeley.
(2) Davis.
(3) Irvine.
(4) Los Angeles.
(5) Merced.
(6) Riverside.
(7) San Diego.
(8) San Francisco.
(9) Santa Barbara.
(10) Santa Cruz.
(c) The Regents of the University of California shall designate an
external advisory body, whose members have demonstrated expertise in
innovation and entrepreneurship, to encourage the effective use of
the funds specified in subdivision (b) through planning and
oversight.
(d) A campus shall not expend the funds specified in subdivision
(b) until the external advisory body has certified that the
chancellor of the campus has demonstrated all of the following:
(1) That the funds will be used only for the costs of activities
that support the expansion or acceleration of economic development in
the state, such as any of the following benefits for entrepreneurs:
(A) Business training.
(B) Mentorship.
(C) Proof-of-concept grants.
(D) Work space.
(E) Laboratory space.
(F) Equipment.
(2) That the funds will be spent only after the uses and
beneficiaries have been determined through a transparent, inclusive,
and fair process.
(3) That private funds will also be used for these activities,
with the intent that the amount of private funds will be at least
equal to the amount specified in subdivision (b).
(4) That any financial benefit that results from the use of these
funds, including any revenues generated with these funds be accounted
for and also used on these activities.
(5) That a credible plan has been developed to support any ongoing
activities beyond the one-time expenditures of these funds.
(e) The external advisory body shall notify the Director of
Finance and the Legislature, no fewer than 10 days before providing
certification pursuant to subdivision (d) of its intent to do so.
(f) (1) On or before November 30, 2017, the Regents of the
University of California shall report to the Director of Finance and
the Legislature on the specific activities at each campus supported
by these funds.
(2) The report shall be submitted to the Legislature pursuant to
Section 9795 of the Government Code.
