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AB-1977 State real property: surplus.(2017-2018)

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Date Published: 09/17/2018 09:00 PM
AB1977:v94#DOCUMENT

Assembly Bill No. 1977
CHAPTER 430

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

[ Approved by Governor  September 17, 2018. Filed with Secretary of State  September 17, 2018. ]

LEGISLATIVE COUNSEL'S DIGEST


AB 1977, Committee on Accountability and Administrative Review. State real property: surplus.
(1) Existing law provides that the Director of General Services may dispose of surplus state real property if 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 specified state properties pursuant to these provisions, subject to conditions relating to the approval of the agreement to the extent the property is subject to outstanding bonds.
(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 properties pursuant to Section 11011.1 of the Government Code:
(1) Parcel 1, consisting of approximately 0.61 acres and improvements, known as the Department of General Services’ Santa Ana State Building, located at 605 West Santa Ana Boulevard, in Santa Ana, Orange County, Assessor Parcel Number 008-067-36.
(2) Parcel 2, consisting of approximately 0.75 acres and improvements, known as the California Highway Patrol area office located at 1444 Parkway Drive, in Crescent City, Del Norte County, Assessor Parcel Number 117-030-016-000.
(3) Parcels 3 and 4, consisting of approximately 1.73 acres and improvements, known as the California Highway Patrol area office located at 10077 State Route 89 South in Truckee, Nevada County, Assessor Parcel Numbers 18-0621-006 and 18-0621-005.
(4) Parcel 5, consisting of approximately 1.85 acres and improvements, known as the California Highway Patrol area office located at 4902 Pacific Highway in San Diego, San Diego County, Assessor Parcel Number 436-740-01-00.
(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 a 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.