Bill Text: CA SB1193 | 2017-2018 | Regular Session | Amended
Bill Title: Community college districts: sale or lease of real property.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-04-16 - April 18 set for first hearing canceled at the request of author. [SB1193 Detail]
Download: California-2017-SB1193-Amended.html
|
Amended
IN
Senate
April 02, 2018 |
CALIFORNIA LEGISLATURE—
2017–2018 REGULAR SESSION
| Senate Bill | No. 1193 |
| Introduced by Senator Nguyen |
February 15, 2018 |
An act to amend Section 81363 of the Education Code, relating to community colleges.
LEGISLATIVE COUNSEL'S DIGEST
SB 1193, as amended, Nguyen.
Community college districts: sale or lease of real property.
Existing law provides that funds derived from the sale, or from a lease with an option to purchase, of real property belonging to a community college district shall be used for capital outlay or deferred maintenance. However, the proceeds of real property sold or leased in accordance with certain requirements may be deposited in the general fund of the community college district if, prior to the sale or lease, the governing board of the community college district has determined that the community college district has no anticipated need for additional sites or building construction for the 5-year period following the sale or lease.
This bill would make nonsubstantive changes to these provisions.
authorize the Long Beach Community College District to deposit proceeds derived from the sale of specified real properties into its irrevocable trust fund established for retiree benefit obligations.
This bill would make legislative findings and declarations as to the necessity of a special statute for the Long Beach Community College District.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 81363 of the Education Code is amended to read:81363.
(a) The funds derived from the sale or from a lease with an option to purchase shall be used for capital outlay or deferred maintenance. (b) Notwithstanding subdivision (a), the proceeds of real property sold or leased in accordance with subdivision (a) or (b) of Section 81363.5 may be deposited in pursuant to either of the following:
(1) Deposited in the general fund of the district if, prior to the sale or lease, the governing board of the community college district has determined that the community college district has no anticipated need for additional sites or building construction for the five-year period following the sale or lease.
(2) Proceeds derived from the sale of property located at 3320 and 3340 Los Coyotes Diagonal, and 3325 Palo Verde Avenue, Long Beach, California 90808, may be deposited by the Long Beach Community College District into its irrevocable trust fund established for retiree benefit obligations. These properties have been identified as APN 7191-014-903, 904, 905, 906, 010, and 022.
