University Of California. Governance.

UNIVERSITY OF CALIFORNIA. GOVERNANCE. INITIATIVE CONSTITUTIONAL AMENDMENT. Changes manner in which members of the Board of Regents of the University of California are selected. Provides for election of certain regents through statewide nonpartisan elections. Provides for appointment of other regents by campus-based councils comprised of faculty, staff, students and local citizenry. Increases number of student regents. Limits terms of regents. Directs Legislature to enact a campaign finance law for election of regents. Limits total compensation paid to regents and other university officials. Imposes restrictions on conduct of regents. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Could result in state costs of up to a few million dollars annually for elections, staffing of campus councils, and other implementation costs. Increased state costs would be partially offset by savings resulting from reductions in compensation to affected UC officials. Could also result in minor local government costs every four years