SEC. 9.

 (a) The University of California shall constitute a public trust, to be administered by the existing corporation known as “The Regents of the University of California,” with full powers of organization and government, subject only to such legislative control as may be necessary to ensure the security of its funds and compliance with the terms of the endowments of the university and such competitive bidding procedures as may be made applicable to the university by statute for the letting of construction contracts, sales of real property, and purchasing of materials, goods, and services. The corporation shall be in form a board composed of seven ex officio members, who shall be: the Governor, the Lieutenant Governor, the Speaker of the Assembly, the Superintendent of Public Instruction, the president and the vice president of the alumni association of the university, and the acting president of the university, and 18 appointive members appointed by the Governor and approved by the Senate, a majority of the membership concurring.

(b) (1) The terms of the members appointed before November 5, 1974, shall be 16 years; the terms of two appointive members to expire as heretofore on March 1 of every even-numbered calendar year, and two members shall be appointed for terms commencing on March 1, 1976, and on March 1 of each year thereafter; provided that no such appointments shall be made for terms to commence on March 1, 1979, or on March 1 of each fourth year thereafter, to the end that no appointment to the regents for a newly commencing term shall be made during the first year of any gubernatorial term of office. The terms of the members appointed for terms commencing on and after March 1, 1976, shall be 12 years.

(2) In case of any vacancy, the term of office of the appointee to fill that vacancy, who shall be appointed by the Governor and approved by the Senate, a majority of the membership concurring, shall be for the balance of the term for which that vacancy exists.

(c) The members of the board, following procedures established by them and after consultation with representatives of faculty and students of the university, including appropriate officers of the academic senate and student governments, senate, may, in their discretion, appoint to the board a member of the faculty at a campus of the university or of another institution of higher education, and shall appoint to the board two students enrolled at a campus of the university for each regular academic term during their service as members of the board. education. Any person faculty appointed pursuant to this subdivision shall serve for not less than one year commencing on July 1, and shall be a member of the board with all rights of participation.

(e) Regents shall be able persons broadly reflective of the economic, cultural, and social diversity of the State, including ethnic minorities and women. However, it is not intended that formulas or specific ratios be applied in the selection of regents.

(f) In the selection of the regents, the Governor shall consult an advisory committee composed as follows: The Speaker of the Assembly and two public members appointed by the Speaker, the President pro Tempore of the Senate and two public members appointed by the Senate Committee on Rules, two public members appointed by the Governor, the chairperson of the regents of the university, an alumnus of the university chosen by the alumni association of the university, a student of the university chosen by the Council of Student Body Presidents, and a member of the faculty of the university chosen by the academic senate of the university. Public members shall serve for four years, except that one each of the initially appointed members selected by the Speaker of the Assembly, the President pro Tempore of the Senate, and the Governor shall be appointed to serve for two years; student, alumni, and faculty members shall serve for one year and may not be regents of the university at the time of their service on the advisory committee.

(g) The Regents of the University of California shall be vested with the legal title and the management and disposition of the property of the university and of property held for its benefit, and shall have the power to take and hold, either by purchase or by donation, or gift, testamentary or otherwise, or in any other manner, without restriction, all real and personal property for the benefit of the university or incidentally to its conduct. However, sales of university real property shall be subject to such competitive bidding procedures as may be provided by statute. The corporation shall also have all the powers necessary or convenient for the effective administration of its trust, including the power to sue and to be sued, to use a seal, and to delegate to its committees or to the faculty of the university, or to others, such authority or functions as it may deem wise. The regents shall receive all funds derived from the sale of lands pursuant to the Act of Congress of July 2, 1862, and any subsequent acts amendatory thereof. The university shall be entirely independent of all political or sectarian influence and kept free therefrom in the appointment of its regents and in the administration of its affairs, and no person shall be debarred admission to any department of the university on account of race, religion, ethnic heritage, or sex.

(h) Meetings of the Regents of the University of California shall be public, with exceptions and notice requirements as may be provided by statute.