Regents authorize president to expand estimated 2025 net fee for national labs by $30 million

The University of California Board of Regents approved a recommendation from the National Laboratories Committee to authorize the UC president to expand an estimated 2025 net fee of $30,000,000 related to the university’s limited liability companies that hold contracts to operate Department of Energy national laboratories.

The committee’s item, presented in the board book and described during the committee report, noted UC’s partial ownership of two LLCs that operate DOE national labs and recommended the president be authorized to expand an estimated 2025 net fee of $30,000,000 as set forth in the committee’s item. The recommendation was moved, seconded and approved by roll call.

Regents described the action as an authorization for the president to proceed with the fee expansion; the transcript records the committee chair explaining the background and then the roll-call approval. No further detail on the breakup of the $30,000,000 or on subsequent budget allocations was read into the public record during open session; the item referenced detail contained in the board materials.

(Ending) The board approved the committee’s recommendation; materials in the regents’ packet provide additional detail on the estimated fee and how it is calculated.