SB 1141: Public contracts: University of California executives: conflicts of interest: prohibition.

the bill prohibits a business entity from bidding on, entering into, renewing, automatically renewing, extending, or expanding a contract with a university if a university executive serves or has served the business entity within the previous year. this restriction applies to at least one year after providing or promising university executive compensation. contracts entered into or renewed in violation of these prohibitions are declared void, a risk to the security of university funds, and contrary to public policy. the attorney general can bring a civil action to enforce these provisions and recover attorney's fees if the action prevails. if a court finds a business entity has violated these provisions, it can be enjoined from bidding on, entering into, renewing, automatically renewing, extending, or expanding a contract with the university for a period of one year. the bill defines ke…