(a) The University of California may fund pay-as-you-go capital outlay projects from its General Fund support appropriation pursuant to Sections 92495 and 92495.5.
(b) For purposes of this section, “capital outlay project” means both of the following:
(1) The costs to design, construct, or equip academic facilities to address seismic and life safety needs, enrollment growth, or modernization of out-of-date facilities, and renewal or expansion of infrastructure to serve academic programs.
(2) The costs to design, construct, or equip energy conservation projects.
(Amended by Stats. 2014, Ch. 34, Sec. 27. (SB 860) Effective June 20, 2014.)