Bill Text: CA SB273 | 2015-2016 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: State real property: surplus.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2015-09-01 - Chaptered by Secretary of State. Chapter 233, Statutes of 2015. [SB273 Detail]

Download: California-2015-SB273-Amended.html

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BILL NUMBER: SB 273	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 23, 2015

INTRODUCED BY   Senator Hueso

                        FEBRUARY 19, 2015

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


	LEGISLATIVE COUNSEL'S DIGEST


   SB 273, as amended, Hueso. State real property: surplus. 
    Existing 
    (1)     Existing  law 
authorizes   provides that  the Director of General
Services  to   may  acquire and dispose of
 surplus  state real property  under specified
conditions.   where that property is not needed by
another state agency and the Legislature has authorized disposal of
the property. Existing law also specifies the manner which the
department is to dispose of surplus state real property. 

   This bill would state the intent of the Legislature to enact
legislation that would authorize the director to dispose of parcels
of surplus state real property.  
   This bill would authorize the director to dispose of 2 specified
parcels of state property pursuant to these provisions.  
   (2) The California Constitution requires 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, a continuously appropriated fund.
Existing 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
previously established by the California Constitution, until the
bonds issued pursuant to the act are retired, and afterward be paid
into the Special Fund for Economic Uncertainties.  
   By increasing the amount transferred into continuously
appropriated funds, this bill would make an appropriation. 
   Vote:  majority   2/3  . Appropriation:
 no   yes  . Fiscal committee:  no
  yes  . State-mandated local program: no.


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

   SECTION 1.    (a) 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:  
   (1) Parcel 1, consisting of approximately 0.17 acres and
improvements, known as the Department of Conservation field office
located at 466 North Fifth Street, in Coalinga, Fresno County
Assessor Parcel Number 072-111-16T.  
   (2) Parcel 2, consisting of approximately 29.93 acres and
improvements, known as the Department of Forestry Crystal Creek
Conservation Camp located at 2242 Highway 2999 West, in Whiskytown,
Shasta County Assessor Parcel Number 011-290-038.  
   (b) To the extent that bonds issued by the State Public Works
Board involve the property to be sold pursuant to this section, all
issuer- and trustee-related costs associated with the review of any
proposed sale, together with the costs related to the defeasance or
retirement of any bonds, which may include the cost of nationally
recognized bond counsel, shall be paid from the proceeds of any sale
or lease authorized by this section.  
  SECTION 1.    It is the intent of the Legislature
to enact legislation that would authorize the director to dispose of
parcels of surplus state real property pursuant to Section 11011.1 of
the Government Code.