California Assembly Bill 2357
Session 20232024
University of California: school of medicine: University of California Kern County Medical Education Endowment Fund.
Became Law
Became Law on Sep 29, 2024
Origin Chamber
Assembly
Type
Bill
Bill Number
2357
State
California
Session
20232024
Jasmeet Bains
grade
Author
Motion Text
AB 2357 Bains Concurrence in Senate Amendments
Assembly Roll Call Votes
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Summary
The California Constitution provides that the University of California constitutes a public trust administered by the Regents of the University of California, a corporation in the form of a board, with full powers of organization and government, subject to legislative control only for specified purposes.
Existing law creates the University of California, San Francisco, San Joaquin Valley Regional Campus Medical Education Endowment Fund. Upon appropriation by the Legislature, existing law requires moneys in the endowment fund to be allocated to the University of California to support the annual operating costs for the development, operation, and maintenance of a branch campus of the University of California, San Francisco, School of Medicine in the San Joaquin Valley. Existing law also requires, upon appropriation by the Legislature and a determination by the Controller of sufficient funds in the endowment fund, moneys in the fund to be used to cover the University of California's estimated costs of applying for and obtaining approval and accreditation from the Liaison Committee on Medical Education, as provided. Existing law requires moneys in the endowment fund to initially be invested with the goal of achieving capital appreciation to create a balance of $500,000,000 to generate ongoing earnings to cover the estimated annual operating costs associated with the development, operation, and maintenance of the branch campus, and, upon the determination of the Controller that the endowment fund balance is $500,000,000, requires moneys in the endowment fund to be invested to generate earnings to fund annual operating costs associated with the development, operation, and maintenance of the branch campus.
This bill would establish the University of California Kern County Medical Education Endowment Fund. Upon appropriation by the Legislature, the bill would require moneys in the endowment fund to be allocated to the University of California to support the annual operating 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, and to conduct a feasibility study related to that campus. The bill would similarly require moneys in the endowment fund to initially be invested with the goal of achieving capital appreciation to create a balance sufficient to generate ongoing earnings to cover the estimated annual operating costs of a branch campus, as provided, and, upon the determination by the Controller that a sufficient balance is achieved and maintained in the endowment fund, would subsequently require moneys in the endowment fund to be invested to generate earnings to fund annual operating costs associated with the development, operation, and maintenance of a branch campus, as provided. The bill would similarly require moneys in the endowment fund to be used, upon appropriation by the Legislature and a determination by the Controller of sufficient funds in the endowment fund, to cover the University of California's estimated costs of applying for and obtaining approval and accreditation from the Liaison Committee on Medical Education, as provided.
02/12/24 - Introduced
February 12, 2024
06/06/24 - Amended Senate
June 6, 2024
06/24/24 - Amended Senate
June 24, 2024
09/03/24 - Enrolled
September 3, 2024
09/29/24 - Chaptered
September 29, 2024
04/08/24- Assembly Higher Education
April 8, 2024
04/22/24- Assembly Appropriations
April 22, 2024
05/20/24- ASSEMBLY FLOOR ANALYSIS
May 20, 2024
06/17/24- Senate Education
June 17, 2024
08/02/24- Senate Appropriations
August 2, 2024
08/18/24- Sen. Floor Analyses
August 18, 2024
08/29/24- ASSEMBLY FLOOR ANALYSIS
August 29, 2024
Sort by most recent
09/29/2024
California State Legislature
Chaptered by Secretary of State - Chapter 959, Statutes of 2024.
09/29/2024
California State Legislature
Approved by the Governor.
09/11/2024
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
08/29/2024
Assembly
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0.).
08/29/2024
Assembly
Assembly Rule 77 suspended.
08/28/2024
Assembly
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 30 pursuant to Assembly Rule 77.
08/28/2024
Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).
08/19/2024
Senate
Read second time. Ordered to third reading.
08/15/2024
Senate
From committee: Do pass. (Ayes 7. Noes 0.) (August 15).
08/05/2024
Senate
In committee: Referred to APPR suspense file.
06/24/2024
Senate
Read second time and amended. Re-referred to Com. on APPR.
06/20/2024
Senate
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 19).
06/06/2024
Senate
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.
06/05/2024
Senate
Referred to Com. on ED.
05/23/2024
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
05/22/2024
Assembly
Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0. Page 5472.)
05/20/2024
Assembly
Read second time. Ordered to third reading.
05/16/2024
Assembly
From committee: Do pass. (Ayes 15. Noes 0.) (May 16).
04/24/2024
Assembly
In committee: Set, first hearing. Referred to APPR. suspense file.
04/10/2024
Assembly
From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (April 9). Re-referred to Com. on APPR.
04/03/2024
Assembly
In committee: Set, first hearing. Hearing canceled at the request of author.
02/26/2024
Assembly
Referred to Com. on HIGHER ED.
02/13/2024
Assembly
From printer. May be heard in committee March 14.
02/12/2024
Assembly
Read first time. To print.
Sources
Record Created
Feb 13, 2024 12:18:10 PM
Record Updated
Oct 19, 2024 12:30:39 PM