SEC. 2.
The sum of twenty-four million dollars ($24,000,000) is hereby appropriated from the General Fund to the Controller for allocation as follows:(a) Twelve million dollars ($12,000,000) to the University of California for the 2000-01 fiscal year for the purpose of reimbursing the university for fiscal losses resulting from any fee reduction required by Section 66025.3 of the Education Code, as added by Section 1 of this act. This allocation is contingent upon the implementation of the fee reduction by the Regents of the University of California.
(b) Twelve million dollars ($12,000,000) to the California State University for the 2000-01 fiscal year for fiscal losses resulting from any fee reduction required by Section 66025.3 of the Education Code, as added by Section 1 of this act.