Gov. Brown Signs bill Requiring University Disclosure
SACRAMENTO, Calif. (AP) -- Gov. Jerry Brown has signed a bill requiring more transparency from the fundraising arms of California's public colleges in response to a legal dispute over a speaking contract with Sarah Palin.
Brown said Wednesday that he signed SB8 by San Francisco Democratic Sen. Leland Yee. The bill requires foundations set up by California's universities and college systems to disclose financial records, contracts and correspondence under the public records law.
Yee drafted the bill last year after California State University Stanislaus' foundation refused to release its contract with the former Alaska governor for a fundraiser. A judge eventually ordered the information to be released.
Yee says the bill will promote accountability and transparency over billions of dollars administered by the University of California, California State University and community college systems.
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