FOR IMMEDIATE RELEASE
Thursday, August 27, 199
Brad Hayward (510) 987-9195
The following statement was issued today by University of California President Richard C. Atkinson regarding the placement of a statewide education bond measure on the Nov. 3 ballot by Gov. Pete Wilson and the Legislature. The $9.2 billion bond measure includes $2.5 billion for higher education facilities over a four-year period.
Richard C. Atkinson
President, University of California
"This bond measure is crucial to the University of California's efforts to correct seismic deficiencies, repair and modernize aging buildings, and construct new facilities to accommodate rapidly growing enrollments. Our needs are urgent, and this measure is an absolutely vital means of addressing them.
"We are grateful to the governor and Legislature for approving this measure. The bond proposal addresses UC's critical facilities needs and would help ensure that the next generation of Californians has access to a University of California education."
UC's long-term facilities needs are estimated to total more than $400 million annually. This new bond measure would provide UC with approximately $210 million per year in capital outlay funds for four years. The university will supplement these bond resources by raising private funds and by using UC's operating budget to help finance deferred maintenance projects.
The bond measure will fund capital improvements at all UC campuses. The projects focus on:
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