Summary of LAO Findings and Recommendations on the 2013-14 Budget

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LAO Finding Or
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Last Updated
 Go Back  UC, CSU and Hastings Debt restructuring. Recommend rejecting the Governor’s proposal to allow the universities to restructure the state’s lease-revenue debt associated with university projects. 3-21-13

Detailed Narrative

Our report, The 2013-14 Budget: Analysis of the Higher Education Budget, provides detail on the Governor's proposal to allow the universities to restructure state lease-revenue debt. Please see this section for a description of the Governor's proposal and this section for our assessment and recommendations.