Budget Act of 2012: augmentation.

(1) The Budget Act of 2012 appropriates specified amounts from the General Fund for public postsecondary education, including $51,500,000 to the University of California and $500,000 to Hastings College of the Law for purposes of addressing a portion of their employer pension contribution costs for the University of California Retirement Plan. This bill would augment the appropriations to the University of California and Hastings College of the Law by $37,635,000 and $365,000, respectively, for purposes of the pension contribution costs described above. (2) This bill would appropriate $125,000,000 from the General Fund to the California State University and $125,000,000 from the General Fund to the University of California for the 2013–14 fiscal year if those institutions maintain the 2011–12 mandatory systemwide tuition and fee level for the 2012–13 academic year and if the Schools and Local Public Safety Protection Act of 2012 (Attorney General reference number 12-0009) is approved by the voters at the November 6, 2012, statewide general election and the provisions of that act that modify personal income tax rates do not become inoperative, as specified. (3) This bill would declare that it is to take effect immediately as a Budget Bill.