Bill Text: CA SB814 | 2017-2018 | Regular Session | Chaptered
Bill Title: State real property: surplus.
Spectrum: Committee Bill
Status: (Passed) 2017-10-14 - Chaptered by Secretary of State. Chapter 815, Statutes of 2017. [SB814 Detail]
Download: California-2017-SB814-Chaptered.html
| Senate Bill No. 814 |
| CHAPTER 815 |
An act relating to state real property, and making an appropriation therefor.
[
Approved by
Governor
October 14, 2017.
Filed with
Secretary of State
October 14, 2017.
]
LEGISLATIVE COUNSEL'S DIGEST
SB 814, Committee on Governmental Organization.
State real property: surplus.
(1) Existing law provides that the Director of General Services may acquire and dispose of surplus state real property 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 in which the department is to dispose of surplus state real property.
This bill would authorize the director to dispose of a specified state property pursuant to these provisions, subject to conditions specified in the act relating to the approval of the agreement.
(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, the final payment of which was made in the 2015–16 fiscal year, after which these proceeds are required to be deposited into the Special Fund for Economic Uncertainties, a continuously appropriated fund.
By increasing the amount transferred into the Special Fund for Economic Uncertainties, a continuously appropriated fund, this bill would make an appropriation.
Digest Key
Vote: 2/3 Appropriation: YES Fiscal Committee: YES Local Program: NOBill Text
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:A property, consisting of approximately 65 acres and improvements, known as a portion of the Department of Corrections and Rehabilitation’s Preston Youth Correctional Facility, located at 201 Waterman Road, in Ione, Amador County.
(b) To the extent
that bonds issued by the State Public Works Board that involve the property to be sold pursuant to this section are outstanding at the time the purchase, lease, or exchange agreement for the property identified in this section is ready for execution, the board shall approve the purchase, lease, or exchange agreement and all costs associated with the defeasance of the bonds shall be paid from the proceeds from the transaction.
