| Old | New | Differences | |
|---|---|---|---|
| 1 | - | Amended IN Senate | |
| 1 | + | Amended IN Senate March 15, 2022 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1199Introduced by Senator RothFebruary 17, 2022 An act to amend Section 66103 of the Education Code, relating to public postsecondary education. An act to add Article 1.7 (commencing with Section 92608) to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, relating to public postsecondary education.LEGISLATIVE COUNSEL'S DIGESTSB 1199, as amended, Roth. Capital Outlay Fund for Public Higher Education: securities: investment, reinvestment, sale, or exchange. University of California, Riverside, School of Medicine: teaching hospital.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 provides instruction and performs research at the 10 campuses it operates and maintains in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz.This bill would authorize the Regents of the University of California to expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training University of California, Riverside, School of Medicine medical students, medical residents, and medical fellows.Existing law establishes the segments of public postsecondary education in the state, including the University of California, administered by the Regents of the University of California, the California State University, administered by the Trustees of the California State University, and the California Community Colleges, administered by the Board of Governors of the California Community Colleges. Existing law creates a fund in the State Treasury, the Capital Outlay Fund for Public Higher Education, and requires all money in the fund to be available, when appropriated by the Legislature, for expenditure for capital outlay purposes relating to public higher education, as specified. Existing law requires the Director of Finance to cause specified moneys in the fund to be invested and reinvested from time to time in securities and permits these securities to be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state, as specified.This bill would make nonsubstantive changes to that latter provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. (a) As used in this section, the following definitions apply:(1) Inland southern California means a region in southern California east of the Los Angeles metropolitan area that is composed of the Counties of Riverside and San Bernardino.(2) UCR is the University of California, Riverside.(b) The Legislature finds and declares all of the following:(1) The states supply of primary care physicians is significantly below what is considered sufficient to meet patient needs.(2) In the rapidly growing and ethnically diverse area of inland southern California, the shortage is particularly severe, with just 35 primary care physicians per 100,000 patients, far fewer than the recommended range of 60 to 80 primary care physicians per 100,000 patients.(3) In real numbers, inland southern California has a shortfall of 1,500 primary care physicians and a shortfall of 331/3 percent in specialist physicians.(4) According to the California Health Care Foundation, 72 percent of the states counties have an undersupply of primary care physicians, with primary care physicians making up just 34 percent of the states physician workforce.(5) The UCR School of Medicine opened in August 2013, and subsequently received provisional accreditation from the Liaison Committee on Medical Education, the nationally recognized accrediting body for medical education programs leading to doctor of medicine degrees in the United States and Canada. At the time UCR School of Medicine opened, it was the first new public medical school in the state in more than 40 years.(6) The UCR School of Medicine, as a community-based medical school, has a public mission to expand and diversify the physician workforce and improve the health of people living in inland southern California. The UCR School of Medicine has also made a commitment to serve underserved patient populations.(7) While state funding to support continued operation of the UCR School of Medicine was initially limited due to budgetary constraints, the state has recently committed significant resources to the UCR School of Medicine to aid in expansion with both a new facility and ongoing resources to accommodate increased student capacity.(8) As a final step to properly securing the future of the UCR School of Medicine and provide long-term sustainable operational funding, the UCR School of Medicine must secure an acute care teaching hospital in the County of Riverside to provide a secure public base of clinical training slots for the UCR School of Medicines students and critical UCR School of Medicine primary and secondary residency training programs.(9) This teaching hospital and training facility is critical to the success of the UCR School of Medicines mission because it is well recognized that where physicians train, they remain and practice medicine.(10) The Budget Act of 2021 appropriated $10,000,000 in one-time funding for the UCR School of Medicine to initiate the process of securing an acute care teaching hospital.SEC. 2. Article 1.7 (commencing with Section 92608) is added to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, to read: Article 1.7 UCR School of Medicine Teaching Hospital92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside.SECTION 1.Section 66103 of the Education Code is amended to read:66103.The Director of Finance shall cause all moneys in the fund that are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and these securities may be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from this investment, reinvestment, sale, or exchange shall be credited to the fund. | |
| 2 | 2 | ||
| 3 | - | ||
| 3 | + | Amended IN Senate March 15, 2022 CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION Senate Bill No. 1199Introduced by Senator RothFebruary 17, 2022 An act to amend Section 66103 of the Education Code, relating to public postsecondary education. An act to add Article 1.7 (commencing with Section 92608) to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, relating to public postsecondary education.LEGISLATIVE COUNSEL'S DIGESTSB 1199, as amended, Roth. Capital Outlay Fund for Public Higher Education: securities: investment, reinvestment, sale, or exchange. University of California, Riverside, School of Medicine: teaching hospital.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 provides instruction and performs research at the 10 campuses it operates and maintains in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz.This bill would authorize the Regents of the University of California to expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training University of California, Riverside, School of Medicine medical students, medical residents, and medical fellows.Existing law establishes the segments of public postsecondary education in the state, including the University of California, administered by the Regents of the University of California, the California State University, administered by the Trustees of the California State University, and the California Community Colleges, administered by the Board of Governors of the California Community Colleges. Existing law creates a fund in the State Treasury, the Capital Outlay Fund for Public Higher Education, and requires all money in the fund to be available, when appropriated by the Legislature, for expenditure for capital outlay purposes relating to public higher education, as specified. Existing law requires the Director of Finance to cause specified moneys in the fund to be invested and reinvested from time to time in securities and permits these securities to be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state, as specified.This bill would make nonsubstantive changes to that latter provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NOYES Local Program: NO | |
| 4 | 4 | ||
| 5 | - | ||
| 5 | + | Amended IN Senate March 15, 2022 | |
| 6 | 6 | ||
| 7 | - | Amended IN Senate May 19, 2022 | |
| 8 | 7 | Amended IN Senate March 15, 2022 | |
| 9 | 8 | ||
| 10 | 9 | CALIFORNIA LEGISLATURE 20212022 REGULAR SESSION | |
| 11 | 10 | ||
| 12 | 11 | Senate Bill | |
| 13 | 12 | ||
| 14 | 13 | No. 1199 | |
| 15 | 14 | ||
| 16 | - | Introduced by Senator | |
| 15 | + | Introduced by Senator RothFebruary 17, 2022 | |
| 17 | 16 | ||
| 18 | - | Introduced by Senator | |
| 17 | + | Introduced by Senator Roth | |
| 19 | 18 | February 17, 2022 | |
| 20 | 19 | ||
| 21 | - | An act to add Article 1.7 (commencing with Section 92608) to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, relating to public postsecondary education. | |
| 20 | + | An act to amend Section 66103 of the Education Code, relating to public postsecondary education. An act to add Article 1.7 (commencing with Section 92608) to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, relating to public postsecondary education. | |
| 22 | 21 | ||
| 23 | 22 | LEGISLATIVE COUNSEL'S DIGEST | |
| 24 | 23 | ||
| 25 | 24 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 26 | 25 | ||
| 27 | - | SB 1199, as amended, Roth. University of California, Riverside, School of Medicine: teaching hospital. | |
| 26 | + | SB 1199, as amended, Roth. Capital Outlay Fund for Public Higher Education: securities: investment, reinvestment, sale, or exchange. University of California, Riverside, School of Medicine: teaching hospital. | |
| 28 | 27 | ||
| 29 | - | 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 provides instruction and performs research at the 10 campuses it operates and maintains in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz.This bill would authorize the Regents of the University of California to expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training University of California, Riverside, School of Medicine medical students, medical residents, and medical fellows. | |
| 28 | + | 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 provides instruction and performs research at the 10 campuses it operates and maintains in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz.This bill would authorize the Regents of the University of California to expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training University of California, Riverside, School of Medicine medical students, medical residents, and medical fellows.Existing law establishes the segments of public postsecondary education in the state, including the University of California, administered by the Regents of the University of California, the California State University, administered by the Trustees of the California State University, and the California Community Colleges, administered by the Board of Governors of the California Community Colleges. Existing law creates a fund in the State Treasury, the Capital Outlay Fund for Public Higher Education, and requires all money in the fund to be available, when appropriated by the Legislature, for expenditure for capital outlay purposes relating to public higher education, as specified. Existing law requires the Director of Finance to cause specified moneys in the fund to be invested and reinvested from time to time in securities and permits these securities to be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state, as specified.This bill would make nonsubstantive changes to that latter provision. | |
| 30 | 29 | ||
| 31 | 30 | 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 provides instruction and performs research at the 10 campuses it operates and maintains in Berkeley, Davis, Irvine, Los Angeles, Merced, Riverside, San Diego, San Francisco, Santa Barbara, and Santa Cruz. | |
| 32 | 31 | ||
| 33 | 32 | This bill would authorize the Regents of the University of California to expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training University of California, Riverside, School of Medicine medical students, medical residents, and medical fellows. | |
| 34 | 33 | ||
| 34 | + | Existing law establishes the segments of public postsecondary education in the state, including the University of California, administered by the Regents of the University of California, the California State University, administered by the Trustees of the California State University, and the California Community Colleges, administered by the Board of Governors of the California Community Colleges. Existing law creates a fund in the State Treasury, the Capital Outlay Fund for Public Higher Education, and requires all money in the fund to be available, when appropriated by the Legislature, for expenditure for capital outlay purposes relating to public higher education, as specified. Existing law requires the Director of Finance to cause specified moneys in the fund to be invested and reinvested from time to time in securities and permits these securities to be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state, as specified. | |
| 35 | + | ||
| 36 | + | ||
| 37 | + | ||
| 38 | + | This bill would make nonsubstantive changes to that latter provision. | |
| 39 | + | ||
| 40 | + | ||
| 41 | + | ||
| 35 | 42 | ## Digest Key | |
| 36 | 43 | ||
| 37 | 44 | ## Bill Text | |
| 38 | 45 | ||
| 39 | - | The people of the State of California do enact as follows:SECTION 1. (a) As used in this section, the following definitions apply | |
| 46 | + | The people of the State of California do enact as follows:SECTION 1. (a) As used in this section, the following definitions apply:(1) Inland southern California means a region in southern California east of the Los Angeles metropolitan area that is composed of the Counties of Riverside and San Bernardino.(2) UCR is the University of California, Riverside.(b) The Legislature finds and declares all of the following:(1) The states supply of primary care physicians is significantly below what is considered sufficient to meet patient needs.(2) In the rapidly growing and ethnically diverse area of inland southern California, the shortage is particularly severe, with just 35 primary care physicians per 100,000 patients, far fewer than the recommended range of 60 to 80 primary care physicians per 100,000 patients.(3) In real numbers, inland southern California has a shortfall of 1,500 primary care physicians and a shortfall of 331/3 percent in specialist physicians.(4) According to the California Health Care Foundation, 72 percent of the states counties have an undersupply of primary care physicians, with primary care physicians making up just 34 percent of the states physician workforce.(5) The UCR School of Medicine opened in August 2013, and subsequently received provisional accreditation from the Liaison Committee on Medical Education, the nationally recognized accrediting body for medical education programs leading to doctor of medicine degrees in the United States and Canada. At the time UCR School of Medicine opened, it was the first new public medical school in the state in more than 40 years.(6) The UCR School of Medicine, as a community-based medical school, has a public mission to expand and diversify the physician workforce and improve the health of people living in inland southern California. The UCR School of Medicine has also made a commitment to serve underserved patient populations.(7) While state funding to support continued operation of the UCR School of Medicine was initially limited due to budgetary constraints, the state has recently committed significant resources to the UCR School of Medicine to aid in expansion with both a new facility and ongoing resources to accommodate increased student capacity.(8) As a final step to properly securing the future of the UCR School of Medicine and provide long-term sustainable operational funding, the UCR School of Medicine must secure an acute care teaching hospital in the County of Riverside to provide a secure public base of clinical training slots for the UCR School of Medicines students and critical UCR School of Medicine primary and secondary residency training programs.(9) This teaching hospital and training facility is critical to the success of the UCR School of Medicines mission because it is well recognized that where physicians train, they remain and practice medicine.(10) The Budget Act of 2021 appropriated $10,000,000 in one-time funding for the UCR School of Medicine to initiate the process of securing an acute care teaching hospital.SEC. 2. Article 1.7 (commencing with Section 92608) is added to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, to read: Article 1.7 UCR School of Medicine Teaching Hospital92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside.SECTION 1.Section 66103 of the Education Code is amended to read:66103.The Director of Finance shall cause all moneys in the fund that are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and these securities may be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from this investment, reinvestment, sale, or exchange shall be credited to the fund. | |
| 40 | 47 | ||
| 41 | 48 | The people of the State of California do enact as follows: | |
| 42 | 49 | ||
| 43 | 50 | ## The people of the State of California do enact as follows: | |
| 44 | 51 | ||
| 45 | - | SECTION 1. (a) As used in this section, the following definitions apply | |
| 52 | + | SECTION 1. (a) As used in this section, the following definitions apply:(1) Inland southern California means a region in southern California east of the Los Angeles metropolitan area that is composed of the Counties of Riverside and San Bernardino.(2) UCR is the University of California, Riverside.(b) The Legislature finds and declares all of the following:(1) The states supply of primary care physicians is significantly below what is considered sufficient to meet patient needs.(2) In the rapidly growing and ethnically diverse area of inland southern California, the shortage is particularly severe, with just 35 primary care physicians per 100,000 patients, far fewer than the recommended range of 60 to 80 primary care physicians per 100,000 patients.(3) In real numbers, inland southern California has a shortfall of 1,500 primary care physicians and a shortfall of 331/3 percent in specialist physicians.(4) According to the California Health Care Foundation, 72 percent of the states counties have an undersupply of primary care physicians, with primary care physicians making up just 34 percent of the states physician workforce.(5) The UCR School of Medicine opened in August 2013, and subsequently received provisional accreditation from the Liaison Committee on Medical Education, the nationally recognized accrediting body for medical education programs leading to doctor of medicine degrees in the United States and Canada. At the time UCR School of Medicine opened, it was the first new public medical school in the state in more than 40 years.(6) The UCR School of Medicine, as a community-based medical school, has a public mission to expand and diversify the physician workforce and improve the health of people living in inland southern California. The UCR School of Medicine has also made a commitment to serve underserved patient populations.(7) While state funding to support continued operation of the UCR School of Medicine was initially limited due to budgetary constraints, the state has recently committed significant resources to the UCR School of Medicine to aid in expansion with both a new facility and ongoing resources to accommodate increased student capacity.(8) As a final step to properly securing the future of the UCR School of Medicine and provide long-term sustainable operational funding, the UCR School of Medicine must secure an acute care teaching hospital in the County of Riverside to provide a secure public base of clinical training slots for the UCR School of Medicines students and critical UCR School of Medicine primary and secondary residency training programs.(9) This teaching hospital and training facility is critical to the success of the UCR School of Medicines mission because it is well recognized that where physicians train, they remain and practice medicine.(10) The Budget Act of 2021 appropriated $10,000,000 in one-time funding for the UCR School of Medicine to initiate the process of securing an acute care teaching hospital. | |
| 46 | 53 | ||
| 47 | - | SECTION 1. (a) As used in this section, the following definitions apply | |
| 54 | + | SECTION 1. (a) As used in this section, the following definitions apply:(1) Inland southern California means a region in southern California east of the Los Angeles metropolitan area that is composed of the Counties of Riverside and San Bernardino.(2) UCR is the University of California, Riverside.(b) The Legislature finds and declares all of the following:(1) The states supply of primary care physicians is significantly below what is considered sufficient to meet patient needs.(2) In the rapidly growing and ethnically diverse area of inland southern California, the shortage is particularly severe, with just 35 primary care physicians per 100,000 patients, far fewer than the recommended range of 60 to 80 primary care physicians per 100,000 patients.(3) In real numbers, inland southern California has a shortfall of 1,500 primary care physicians and a shortfall of 331/3 percent in specialist physicians.(4) According to the California Health Care Foundation, 72 percent of the states counties have an undersupply of primary care physicians, with primary care physicians making up just 34 percent of the states physician workforce.(5) The UCR School of Medicine opened in August 2013, and subsequently received provisional accreditation from the Liaison Committee on Medical Education, the nationally recognized accrediting body for medical education programs leading to doctor of medicine degrees in the United States and Canada. At the time UCR School of Medicine opened, it was the first new public medical school in the state in more than 40 years.(6) The UCR School of Medicine, as a community-based medical school, has a public mission to expand and diversify the physician workforce and improve the health of people living in inland southern California. The UCR School of Medicine has also made a commitment to serve underserved patient populations.(7) While state funding to support continued operation of the UCR School of Medicine was initially limited due to budgetary constraints, the state has recently committed significant resources to the UCR School of Medicine to aid in expansion with both a new facility and ongoing resources to accommodate increased student capacity.(8) As a final step to properly securing the future of the UCR School of Medicine and provide long-term sustainable operational funding, the UCR School of Medicine must secure an acute care teaching hospital in the County of Riverside to provide a secure public base of clinical training slots for the UCR School of Medicines students and critical UCR School of Medicine primary and secondary residency training programs.(9) This teaching hospital and training facility is critical to the success of the UCR School of Medicines mission because it is well recognized that where physicians train, they remain and practice medicine.(10) The Budget Act of 2021 appropriated $10,000,000 in one-time funding for the UCR School of Medicine to initiate the process of securing an acute care teaching hospital. | |
| 48 | 55 | ||
| 49 | - | SECTION 1. (a) As used in this section, the following definitions apply: | |
| 56 | + | SECTION 1. (a) As used in this section, the following definitions apply: | |
| 50 | 57 | ||
| 51 | 58 | ### SECTION 1. | |
| 52 | 59 | ||
| 53 | 60 | (1) Inland southern California means a region in southern California east of the Los Angeles metropolitan area that is composed of the Counties of Riverside and San Bernardino. | |
| 54 | 61 | ||
| 55 | 62 | (2) UCR is the University of California, Riverside. | |
| 56 | 63 | ||
| 57 | 64 | (b) The Legislature finds and declares all of the following: | |
| 58 | 65 | ||
| 59 | 66 | (1) The states supply of primary care physicians is significantly below what is considered sufficient to meet patient needs. | |
| 60 | 67 | ||
| 61 | 68 | (2) In the rapidly growing and ethnically diverse area of inland southern California, the shortage is particularly severe, with just 35 primary care physicians per 100,000 patients, far fewer than the recommended range of 60 to 80 primary care physicians per 100,000 patients. | |
| 62 | 69 | ||
| 63 | 70 | (3) In real numbers, inland southern California has a shortfall of 1,500 primary care physicians and a shortfall of 331/3 percent in specialist physicians. | |
| 64 | 71 | ||
| 65 | 72 | (4) According to the California Health Care Foundation, 72 percent of the states counties have an undersupply of primary care physicians, with primary care physicians making up just 34 percent of the states physician workforce. | |
| 66 | 73 | ||
| 67 | 74 | (5) The UCR School of Medicine opened in August 2013, and subsequently received provisional accreditation from the Liaison Committee on Medical Education, the nationally recognized accrediting body for medical education programs leading to doctor of medicine degrees in the United States and Canada. At the time UCR School of Medicine opened, it was the first new public medical school in the state in more than 40 years. | |
| 68 | 75 | ||
| 69 | 76 | (6) The UCR School of Medicine, as a community-based medical school, has a public mission to expand and diversify the physician workforce and improve the health of people living in inland southern California. The UCR School of Medicine has also made a commitment to serve underserved patient populations. | |
| 70 | 77 | ||
| 71 | 78 | (7) While state funding to support continued operation of the UCR School of Medicine was initially limited due to budgetary constraints, the state has recently committed significant resources to the UCR School of Medicine to aid in expansion with both a new facility and ongoing resources to accommodate increased student capacity. | |
| 72 | 79 | ||
| 73 | 80 | (8) As a final step to properly securing the future of the UCR School of Medicine and provide long-term sustainable operational funding, the UCR School of Medicine must secure an acute care teaching hospital in the County of Riverside to provide a secure public base of clinical training slots for the UCR School of Medicines students and critical UCR School of Medicine primary and secondary residency training programs. | |
| 74 | 81 | ||
| 75 | 82 | (9) This teaching hospital and training facility is critical to the success of the UCR School of Medicines mission because it is well recognized that where physicians train, they remain and practice medicine. | |
| 76 | 83 | ||
| 77 | 84 | (10) The Budget Act of 2021 appropriated $10,000,000 in one-time funding for the UCR School of Medicine to initiate the process of securing an acute care teaching hospital. | |
| 78 | 85 | ||
| 79 | 86 | SEC. 2. Article 1.7 (commencing with Section 92608) is added to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, to read: Article 1.7 UCR School of Medicine Teaching Hospital92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside. | |
| 80 | 87 | ||
| 81 | 88 | SEC. 2. Article 1.7 (commencing with Section 92608) is added to Chapter 6 of Part 57 of Division 9 of Title 3 of the Education Code, to read: | |
| 82 | 89 | ||
| 83 | 90 | ### SEC. 2. | |
| 84 | 91 | ||
| 85 | 92 | Article 1.7 UCR School of Medicine Teaching Hospital92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside. | |
| 86 | 93 | ||
| 87 | 94 | Article 1.7 UCR School of Medicine Teaching Hospital92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside. | |
| 88 | 95 | ||
| 89 | 96 | Article 1.7 UCR School of Medicine Teaching Hospital | |
| 90 | 97 | ||
| 91 | 98 | Article 1.7 UCR School of Medicine Teaching Hospital | |
| 92 | 99 | ||
| 93 | 100 | 92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows.(b) As used in this section, UCR means the University of California, Riverside. | |
| 94 | 101 | ||
| 95 | 102 | ||
| 96 | 103 | ||
| 97 | 104 | 92608. (a) The Regents of the University of California may expend money, upon appropriation by the Legislature for this purpose, to secure an acute care teaching hospital in the County of Riverside through acquisition, construction, rehabilitation, lease, management, or operating agreement to serve as an academic medical center for the purpose of training UCR School of Medicine medical students, medical residents, and medical fellows. | |
| 98 | 105 | ||
| 99 | 106 | (b) As used in this section, UCR means the University of California, Riverside. | |
| 107 | + | ||
| 108 | + | ||
| 109 | + | ||
| 110 | + | ||
| 111 | + | ||
| 112 | + | The Director of Finance shall cause all moneys in the fund that are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and these securities may be sold or exchanged if in the directors opinion the sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from this investment, reinvestment, sale, or exchange shall be credited to the fund. |