Bill Text: CA AB2664 | 2015-2016 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Amended.html

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BILL NUMBER: AB 2664	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 17, 2016

INTRODUCED BY   Assembly Member Irwin

                        FEBRUARY 19, 2016

   An act to  amend Section 69431   add Chapter
14.5 (commencing with Section 92965) to Part 57 of Division 9 of
Title 3  of the Education Code, relating to  student
financial aid.   the University of California, and
making an appropriation therefor. 


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2664, as amended, Irwin.  Cal Grant Program. 
 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, and other facilities
operated by the university, including the Lawrence Berkeley National
Laboratory.  
   This bill would provide funding to the University of California to
expand the infrastructure necessary to increase innovation and
entrepreneurship for the purpose of creating economic development.
The bill would specify the manner in which funding provided under the
bill could be used by the University of California. The bill would
require the University of California to report to the Department of
Finance and the Legislature annually on the use of the funding
provided for purposes of the bill. 
   The bill would appropriate $66,000,000 from the General Fund to
the Regents of the University of California for allocation, for
purposes of the bill, in equal amounts in the 3 fiscal years from
2017-18 to 2019-20, inclusive.  
   Existing law, the Ortiz-Pacheco-Poochigian-Vasconcellos Cal Grant
Program (Cal Grant Program), establishes the Cal Grant A and B
Entitlement Awards, the California Community College Transfer
Entitlement Awards, the Competitive Cal Grant A and B Awards, the Cal
Grant C Awards, and the Cal Grant T Awards under the administration
of the Student Aid Commission, and establishes eligibility
requirements for awards under these programs for participating
students attending qualifying institutions.  
   This bill would make a technical, nonsubstantive change to the
provision that establishes the Cal Grant Program. 
   Vote:  majority   2/3  . Appropriation:
 no   yes  . Fiscal committee:  no
  yes  . State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

   SECTION 1.    With respect to innovation and
entrepreneurship expansion at 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 foundational
research breakthroughs that launched some of California's strongest
industries, including aerospace, agriculture, biotechnology,
computers and semiconductors, telecommunications, and digital media.
 
   (c) Research at the University of California continues to create
new inventions that will be the genesis of tomorrow's industries,
companies, and commercial successes.  
   (d) Innovation and entrepreneurship at the University of
California create equitable economic development throughout
California.  
   (e) It is therefore the intent of the Legislature to provide funds
to establish or expand the infrastructure at each campus and the
Lawrence Berkeley National Laboratory (LBNL) to expand infrastructure
necessary to build a network of innovators, entrepreneurs, startups,
investors, and industry and community partners to spur innovation
and economic development in communities surrounding University of
California campuses, the LBNL, and across California. 
   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) Moneys to be appropriated for this chapter shall be
used by the University of California to expand the infrastructure
necessary to increase innovation and entrepreneurship for the purpose
of creating economic development.
   (b) The funds referenced in subdivision (a) shall be used to fund
innovation and entrepreneurship programs at each campus of the
University of California and the Lawrence Berkeley National
Laboratory (LBNL).
   (c) The manner in which the funds provided for purposes of this
chapter will be used shall be determined by the University of
California. These uses may include, but shall not necessarily be
limited to, the establishment of programs or projects to facilitate
economic development in communities surrounding the 10 campuses of
the University of California, the LBNL, and other locations across
California for purposes such as any of the following:
   (1) Providing business training and resources to reduce common
barriers to success for entrepreneurs and startup companies.
   (2) Offering subsidized work and laboratory space to startups for
prototype development, proof-of-concept research, or both.
   (3) Providing proof-of-concept funding to increase the likelihood
that entrepreneurs and startup companies will attract venture or
corporate capital backing.
   (4) Providing mentorship to the underrepresented interested in
entrepreneurial pursuits.
   (5) Coordinating and aligning innovation functions at a campus of
the university or at the LBNL, and building relationships between the
university environment and successful, independent enterprises to
facilitate the rollout of products to the market and the public.
   92966.  The University of California shall report to the
Department of Finance and the Legislature annually on the use of the
funding provided for purposes of this chapter. This annual report
shall comply with Section 9795 of the Government Code.  
  SEC. 3.    The sum of sixty-six million dollars
($66,000,000) is appropriated from the General Fund to the Regents of
the University of California for allocation, for purposes of Chapter
14.5 (commencing with Section 92965) of Part 57 of Division 9 of
Title 3 of the Education Code, in accordance with the following
schedule:
   (a) Twenty-two million dollars ($22,000,000) for expenditure for
the 2017-18 fiscal year.
   (b) Twenty-two million dollars ($22,000,000) for expenditure for
the 2018-19 fiscal year.
   (c) Twenty-two million dollars ($22,000,000) for expenditure for
the 2019-20 fiscal year.  
  SECTION 1.    Section 69431 of the Education Code
is amended to read:
   69431.  There is hereby established the
Ortiz-Pacheco-Poochigian-Vasconcellos Cal Grant Program, which may be
referred to as the Cal Grant Program.