Today's Law As Amended


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SB-1472 Public resources: school lands.(2019-2020)



As Amends the Law Today
As Amends the Law on Nov 18, 2020


SECTION 1.

 Section 6010 is added to the Public Resources Code, to read:

6010.
 The repeal of any provision of law codified in this division shall not affect any existing vested rights under those repealed provisions or under any contract, permit, lease, or agreement entered into under those repealed provisions, or the rights of any purchaser of school lands sold before the effective date of that repeal.

SEC. 2.

 The heading of Chapter 1 (commencing with Section 7301) of Part 3 of Division 6 of the Public Resources Code is amended to read:

CHAPTER  1. School Lands and Indemnity Lands

SEC. 3.

 Section 7301 of the Public Resources Code is repealed.

7301.
 The commission may, in the best interest of the state, sell school lands. The commission may pay from the School Land Bank Fund, created pursuant to Section 8711, the typical costs and expenses attributable to a sale of school lands, such as escrow or other third-party costs, when it is in the best interest of the state to do so.

SEC. 4.

 Section 7301 is added to the Public Resources Code, to read:

7301.
 The commission may, in the best interest of the state, sell school lands. The commission may pay from the School Land Bank Fund, created pursuant to Section 8711, the typical costs and expenses attributable to a sale of school lands, such as escrow or other third-party costs, when it is in the best interest of the state to do so.

SEC. 5.

 Section 7304 of the Public Resources Code is repealed.

SEC. 6.

 Article 2 (commencing with Section 7401) of Chapter 1 of Part 3 of Division 6 of the Public Resources Code is repealed.

SEC. 7.

 Article 2 (commencing with Section 7400) is added to Chapter 1 of Part 3 of Division 6 of the Public Resources Code, to read:

Article  2. Indemnity Land Selections
7400.
 The Legislature finds and declares that, as of January 1, 2020, the commission has acquired roughly 81,643 acres of indemnity school lands and is owed roughly 51,000 additional acres of indemnity school lands.
7401.
 The commission shall ascertain from time to time the number of acres of land to which the state is entitled as indemnity and shall keep on file a statement showing of what those bases consist.
7402.
 Whenever the commission determines it to be in the best interest of the state, the commission may select lands of the United States equal in area to the number of acres or as otherwise provided under federal law to which the state is entitled as indemnity for any losses sustained by the state to its school land grants.
7403.
 The commission is the general agent of the state for the selection of indemnity lands in lieu of the losses sustained by the state to its school land grants.
7404.
 The commission may accept the benefits of the act of Congress approved July 17, 1914, enacted as Section 121 of Title 30 of the United States Code.