Section 92901 Of Chapter 13. California Institutes For Science And Innovation From California Education Code >> Division 9. >> Title 3. >> Part 57. >> Chapter 13.
92901
. It is the intent of the Legislature that all of the
following occur:
(a) That the University of California receive seventy-five million
dollars ($75,000,000) for each year for four years, for a total of
three hundred million dollars ($300,000,000) for the 2000-01 fiscal
year to the 2003-04 fiscal year, inclusive, for capital and operating
budget purposes.
(b) That the University of California receive twenty million
dollars ($20,000,000) for each of the 2001-02 and 2002-03 fiscal
years and thirty million dollars ($30,000,000) for each of the
2003-04 and 2004-05 fiscal years, for a total of one hundred million
dollars ($100,000,000) for capital and operating budget purposes.
(c) That a portion of the funds referenced in subdivisions (a) and
(b) be available, in an amount not to exceed 5 percent of the annual
appropriation, for annual operating budget expenditures. Upon
completion of each project, the level of ongoing funding for the
operating budget of the institutes will be determined by the Governor
and the Legislature through the annual budget process.
(d) That the University of California will not seek further state
funding for capital outlay associated with these four institutes
beyond that provided within the four hundred million dollar
($400,000,000) total.
(e) Every dollar of state funds appropriated for these institutes
shall be matched by at least two dollars ($2) of nonstate funds,
including, but not necessarily limited to, federal and private funds.