California Code, Education Code - EDC § 92689

(a) Each campus of the University of California is requested to be authorized to observe the date corresponding with the second new moon following the winter solstice, or the third new moon following the winter solstice should an intercalary month intervene, known as “Lunar New Year,” as a holiday, and to be closed on that day.  The campus is requested to be authorized to replace observing another prescribed holiday with observing Lunar New Year as a holiday.  If the campus observes the Lunar New Year holiday and Lunar New Year falls on another prescribed holiday that is not being replaced by the Lunar New Year holiday, the campus is requested to observe the preceding or following weekday as the Lunar New Year holiday.

(b) If a campus of the University of California observes the Lunar New Year holiday pursuant to subdivision (a), employees of the campus are requested to be entitled to a paid holiday on that day if they are in a paid status during any portion of the working day immediately preceding or succeeding the Lunar New Year holiday.

(c) If this section conflicts with the provisions of a memorandum of understanding reached pursuant to Chapter 12 (commencing with Section 3560) of Division 4 of Title 1 of the Government Code, the memorandum of understanding shall be controlling without further legislative action, except that if those provisions of a memorandum of understanding require the expenditure of funds, the provisions shall not become effective unless approved by the Legislature in the annual Budget Act.