The University of California system received $2.65 billion from a California state sale of revenue bonds which will help finance projects across UC campuses. Revenue bonds are a type of municipal bond, which function like loans and are sold to fund projects. Read more...
Photo: The University of California received $2.65 billion from the state sale of revenue bonds. Some of the money will be used for seismic improvements at Franz Hall. (Daanish Bhatti/Assistant Photo editor)