Requires creation of new, online public university named University of California Online. Authorizes free public not-for-credit access to all University of California Online course materials, programs, and digital libraries. Authorizes for-credit enrollment in all University of California Online courses and degree programs for all who apply. University of California Online tuition shall be at cost, including course books and materials, with an additional fee for out-of-state students. Requires creation of University of California Online Bookstore to sell and buy-back textbooks for all California public university and college courses. Requires State Treasurer to issue bonds to fund University of California Online, to be repaid by University of California Online from tuition and fees.
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