California Government Code 15820.15 – The Legislature finds and declares that the University of California, …
The Legislature finds and declares that the University of California, recognized as being the world’s finest public university, requires assistance in the furtherance of its research mission. To this end, the Legislature finds that it is in the public interest to construct, renovate, equip, and staff facilities for research use. The areas of research may include, but are not limited to, engineering, computer science, biological sciences, and related basic sciences. These facilities may be leased or leased-purchased by the University of California.
It is the intent of the Legislature that the cost of any project authorized by statute pursuant to Articles 2 (commencing with Section 15820.16) and 3 (commencing with Section 15820.18) shall be considered an expenditure of state funds in the fiscal year in which payments are made to the State Public Works Board under the terms of the lease-purchase agreement for facilities.
Terms Used In California Government Code 15820.15
- Board: means the State Public Works Board. See California Government Code 15802
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
- Statute: A law passed by a legislature.
It is the intent of the Legislature that the University of California shall encourage matching funds from industry for research facilities, equipment, and projects.
The Legislature finds that providing facilities for research will better enable the university to secure federal research funding.
Furthermore, the university is requested to maximize federal funding for research.
(Amended by Stats. 1990, Ch. 209, Sec. 1. Effective July 11, 1990.)