Bill Text: CA SB372 | 2013-2014 | Regular Session | Introduced

---

Bill Title: State property: surplus.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-02-03 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB372 Detail]

Download: California-2013-SB372-Introduced.html

---

BILL NUMBER: SB 372	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Emmerson

                        FEBRUARY 20, 2013

   An act relating to state property, and making an appropriation
therefor.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 372, as introduced, Emmerson. State property: surplus.
   (1) Existing law authorizes the Director of General Services to
dispose of state surplus property, subject to specified conditions,
including authorization by the Legislature.
   This bill would authorize the director to dispose of one specified
parcel of state property.
   (2) The California Constitution provides that the proceeds from
the sale of surplus state property be used to pay the principal and
interest on bonds issued pursuant to the Economic Recovery Bond Act
until the principal and interest on those bonds are fully paid, after
which these proceeds are required to be deposited into the Special
Fund for Economic Uncertainties. Existing statutory law similarly
requires that the net proceeds received from any real property
disposition be paid into the Deficit Recovery Bond Retirement Sinking
Fund Subaccount, a continuously appropriated fund, until the bonds
issued pursuant to the act are retired.
   By increasing the amount transferred into a continuously
appropriated fund, this bill would make an appropriation.
   Vote: majority. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  The Director of General Services may sell, exchange,
sell combined with an exchange, or lease for fair market value, upon
those terms and conditions as the Director of General Services
determines are in the best interests of the state, all or any part of
the following real property pursuant to Section 11011.1 of the
Government Code:
   Parcel 1, consisting of approximately 1.33 acres, known as the
Patton Water Storage Tanks, located near the corner of Lynwood Drive
and North Bangor Avenue, in Patton, San Bernardino County.