The Associated Students Inc. resolution in support of establishing a tax for profits on oil and gas companies in California passed on its third reading Wednesday.
Assembly Bill 1326 establishes the California Higher Education Endowment Corporation (CHEEC) that would annually allocate to the California Community Colleges, the California State University and the University of California. The legislation is modeled after current Alaska and Texas laws.
Senators noted that, after seeing a presentation regarding state funding for higher education, bills like AB 1326 are of increasing importance. According to the resolution, tuition has risen 60 percent since the 2007-08 school year.
Senators Roxanna Gracia, Mark Rizk and George Lam are the authors of the resolution.
Disclaimer: The Daily 49er is not responsible for Postings made on www.daily49er.wpengine.com. Persons commenting are solely responsible for Postings made on this website. Persons commenting agree to the Terms of Use of the website. If Postings do not abide by the Rules of Conduct or Posting Regulations as listed in the Postings Policy, the Daily 49er has all rights to delete Postings as it deems necessary. The Daily 49er strongly advises individuals to not abuse their First Amendment rights, and to avoid language suggestive of hate speech. This site also encourages users to make Postings relevant to the article or other Postings.