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AB-2680 State Teachers’ Retirement System: headquarters building.(2003-2004)

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Assembly Bill No. 2680
CHAPTER 378

An act to amend Section 22375 of the Education Code, and to amend Section 20195 of the Government Code, relating to the State Teachers’ Retirement System.

[ Filed with Secretary of State  August 30, 2004. Approved by Governor  August 27, 2004. ]

LEGISLATIVE COUNSEL'S DIGEST


AB 2680, Negrete McLeod. State Teachers’ Retirement System: headquarters building.
Existing law authorizes the Teachers’ Retirement Board to remodel, equip, or construct an office building in Sacramento County for a permanent headquarters facility for the State Teachers’ Retirement System. Existing law also gives the Board of Administration of the Public Employees’ Retirement System the authority to acquire property for the use of the State Teachers’ Retirement System, other state retirement systems, and other specified entities.
This bill would authorize the Teachers’ Retirement Board to remodel, equip, or construct that building, in the greater metropolitan Sacramento area, as specified. The bill would also remove the State Teachers’ Retirement System from the systems for which the Public Employees’ Retirement Board has the authority to acquire property.

The people of the State of California do enact as follows:


SECTION 1.

 Section 22375 of the Education Code is amended to read:

22375.
 Notwithstanding Part 11 (commencing with Section 15850) of Division 3 of Title 2 of the Government Code, the board may select, purchase, or acquire in the name of the plan, the fee or any lesser interest in real property, improved or unimproved, and may remodel and equip, or construct an office building in the greater metropolitan Sacramento area, including the City of Sacramento, the County of Sacramento, and the eastern part of Yolo County, for the purposes of establishing a permanent headquarters facility for the system.

SEC. 2.

 Section 20195 of the Government Code is amended to read:

20195.
 (a) The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, an office building, including appropriate satellite structures, in the County of Sacramento, California, for its use and for the use of other state retirement systems excepting the State Teachers’ Retirement System, other departments, boards, and agencies of the state, or appropriate private commercial entities as space may be available from time to time. The office building and satellite structures shall conform to the Capital Master Plan if located within an area subject to the plan.
(b) If the board acquires bare land, improvements shall be constructed according to plans approved by the State Public Works Board and Department of General Services.
(c) If the board acquires land with improvements thereon, the improvements shall be remodeled or completed in accordance with plans approved by the State Public Works Board and Department of General Services.
(d) If condemnation of the property selected is necessary, the board may elect to deposit the funds deemed necessary with the Treasurer. The funds are appropriated for purchase of the selected property subject to the Property Acquisition Law.
(e) Work on all projects shall be done under contract awarded to the lowest responsible bidder pursuant to bidding procedures set forth in Part 2 (commencing with Section 10100) of Division 2 of the Public Contract Code.