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SB-814 State real property: surplus.(2017-2018)

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Date Published: 09/02/2017 04:00 AM
SB814:v96#DOCUMENT

Enrolled  September 01, 2017
Passed  IN  Senate  August 31, 2017
Passed  IN  Assembly  August 24, 2017
Amended  IN  Assembly  July 05, 2017
Amended  IN  Assembly  June 20, 2017

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill No. 814


Introduced by Committee on Governmental Organization (Senators Dodd (Chair), Berryhill, Bradford, Cannella, Gaines, Galgiani, Glazer, Hill, Hueso, Lara, Mendoza, Portantino, and Vidak)

March 22, 2017


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


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.
Vote: 2/3   Appropriation: YES   Fiscal Committee: YES   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:
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.