Appropriates fund to create the Agricultural Investment Fund to provide grants for research in energy and soil conservation, water quality management and genetic engineering.

Alters regulations governing activities and pension plan for Bay Area bay pilots.

Increases on component of the pilotage rates.

Exempts general acute care hospitals from requiring a certificate of need to establish a cardiac surgery service.

Prohibits UC Regents from having ownership interest in a corporation in which the university funds are invested.

Abolishes the current Board of Directors of the Golden Gate Bridge, Highway and Transportation District, and requires the California Transportation Commission to serve in its place.

Increases the salaries of the members of the legislature, constitutional officers and the chairman and members of the Board of Equalization.

Prohibits civil action for damages against an airport operating in compliance with state noise standards.

Adds to the responsibilities of the Department of Economic and Business Development the mobilization of state resources to assist new and expanding industries in training workers.

Abolishes the California Health Facilities Commission and creates a new one with less members and revised responsibilities.