UC to Provide a Helping Hand to the State
California looks to UC, CSU for lending hand 7/11/11, Kevin Yamamura, Capitol Alert The state just slashed $650 million each from the California State University and University of California, but it’s now looking to the two systems to loan the state some cash. A new bill moving through the Legislature with little public notice, Senate Bill 79, would establish a new investment fund for UC, CSU, California Community Colleges and the Judicial Council. Under the proposal, each system could contribute no less than $500 million and earn a return from the state, apparently more than they get elsewhere but less…