Today's Law As Amended


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SB-86 Public postsecondary education: executive officer compensation.(2009-2010)



As Amends the Law Today


SECTION 1.

 Section 89500.5 is added to the Education Code, to read:

89500.5.
 (a) The trustees shall not increase the monetary compensation of, or approve payment of a monetary bonus to, any executive officer in any fiscal year in which the amount of General Fund moneys appropriated to the California State University in the annual Budget Act is less than, or equal to, the amount of General Fund moneys appropriated to the California State University in the annual Budget Act for the immediately preceding fiscal year.
(b) As used in this section, the following terms have the following meanings:
(1) “Executive officer” includes, but is not limited to, the Chancellor of the California State University, a vice chancellor of the university, an executive vice chancellor of the university, the general counsel of the university, the trustees’ secretary, and the president of an individual campus.
(2) “Monetary compensation” includes, but is not limited to, a salary, a vehicle allowance, and a housing allowance.
(c) Subdivision (a) shall apply only to executive officers who enter into or renew a contract for employment with the California State University on or after January 1, 2010.

SEC. 2.

 Article 2 (commencing with Section 92010) is added to Chapter 1 of Part 57 of Division 9 of Title 3 of the Education Code, to read:

Article  2. Executive Compensation
92010.
 (a) The Regents of the University of California are requested to not increase the monetary compensation of, or approve payment of a monetary bonus to, any executive officer in any fiscal year in which the amount of General Fund moneys appropriated to the University of California in the annual Budget Act is less than, or equal to, the amount of General Fund moneys appropriated to the University of California in the immediately preceding fiscal year.
(b) As used in this section, the following terms have the following meanings:
(1) “Executive officer” includes, but is not limited to, the President of the University of California, the chancellor of an individual campus, a vice president of the university, the treasurer of the university, the assistant treasurer of the university, the general counsel of the university, and the regents’ secretary.
(2) “Monetary compensation” includes, but is not limited to, a salary, a vehicle allowance, and a housing allowance.
(c) Subdivision (a) shall apply only to executive officers that enter into or renew a contract for employment with the University of California on or after January 1, 2010.