If the university is able to reduce annual debt service costs by refunding, defeasing, or retiring general obligation bonds or State Public Works Board lease revenue bonds, as described in Section 92493, the university shall annually contribute an equal amount to reduce the existing unfunded liability of the University of California Retirement Plan.
(Added by Stats. 2013, Ch. 50, Sec. 10. (AB 94) Effective July 1, 2013.)