On May 18, the University of California Board of Regents endorsed Senate Bill 28 (SB 28), the Public Preschool, K–12, and College Health and Safety Bond Act of 2024, authored by State Sen. Steve Glazer (D-Orinda).

If approved by the state legislature and signed by Gov. Gavin Newsom, the bill would place a $15.5B general obligation bond on the state ballot in 2024 to provide capital support for public education, from preschool to college.

Under the bill’s provisions, the University would be allocated $2B, funds that would help it to enroll more California students, renovate teaching and research facilities, make needed seismic upgrades and transition campuses to clean energy.

“Thirty percent of all UC space is more than 50 years old,” said UC President Michael V. Drake, M.D. “If approved, the GO [general obligation] bond would represent the biggest capital investment in the University of California in nearly 20 years. It would allow us to modernize classrooms and labs, make urgent seismic upgrades and serve even more California students. This would be a much-needed investment in the safety and success of our students, our campuses and the state.”

You can read the full press release here.

For more information about funding capital needs at UC and the California State University system, check out this helpful overview.

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