Dedicated Funding for Higher Education Passes Assembly

A legislative proposal by Assemblymember Das Williams (D-Santa Barbara) to create a non-tax revenue stream for the state’s higher education system cleared the Assembly floor today and advances to the State Senate.

AB 2442, creates a system to better manage some state-owned properties with the goal of increasing the value of those properties and earn revenue for the University of California (UC), the California State University (CSU) and California Community College system.

“I’m pleased that my colleagues have shown their support for our state’s higher education system through this creative approach to returning an investing in the hallmark of our state’s success,” said Assemblymember Das Williams.

The California Hope Public Trust will be able to evaluate and better utilize state property with the proceeds benefitting the UC, CSU and CCC systems.

The bill’s next stop will be the Senate Rules committee.

Website for Assemblymember Das Williams: http://assembly.ca.gov/Williams