Plain English Breakdown
Checked against official source text during the last sync.
Creating a Fund to Lower College Costs at UC and CSU
This law creates a new state fund that can give money to the University of California and California State University systems to lower costs for undergraduate students.
What This Bill Does
- Creates the Debt Free College at the UC and the CSU College Access for All Fund in the State Treasury.
- Requires all money in this new fund to be available only after the Legislature approves spending it.
- Sends approved funds to the University of California and the California State University systems.
- Allows these universities to use the money to lower undergraduate attendance costs through tuition cuts, loan repayment programs, or a combination of both.
Who It Names or Affects
- The University of California system
- The California State University system
- Undergraduate students attending UC and CSU schools
Terms To Know
- Appropriation
- When the Legislature officially approves spending money from a fund.
- State Treasury
- The place where state government keeps its money and funds.
Limits and Unknowns
- Money in the fund cannot be used until the Legislature votes to appropriate it.
- The bill does not say how much money will go into this new fund.