Today's Law As Amended


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AB-826 State property: surplus.(2013-2014)



As Amends the Law Today


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:
(1) Parcel 1, consisting of approximately 15 acres and improvements, known as a portion of the California Department of Corrections and Rehabilitation’s Preston Youth Correctional Facility, located at 201 Waterman Road, in Ione, Amador County.
(2) Parcel 2, consisting of approximately 160 acres and improvements, known as the California Department of Corrections and Rehabilitation’s Estrella Correctional Facility, located at 4545 Airport Road, in Paso Robles, San Luis Obispo County.
(3) Parcel 3, consisting of approximately 0.90 acres and improvements, known as the Employment Development Department’s Vallejo Office Building, located at 1440 Marin Street, in Vallejo, Solano County. Proceeds received from the disposition of Parcel 3 shall be used to pay off any indebtedness secured by the property and attributable to any federal equity financing, as required under applicable state and federal law.
(b) To the extent that bonds issued by the State Public Works Board involve the property to be sold pursuant to this section, all issuer- and trustee-related costs associated with the review of any proposed sale, together with the costs related to the defeasance or retirement of any bonds, which may include the cost of nationally recognized bond counsel, shall be paid from the proceeds of any sale or lease authorized by this section.
SEC. 2.
 (a) The Director of General Services may sell, 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 a portion of the following properties located in the City of Sacramento, County of Sacramento, and leased by the department to the Capitol Area Development Authority pursuant to Section 11011.1 of the Government Code:
(1) Parcel 1, consisting of approximately 0.027 acres and improvements, located at 1627 10th Street, in Sacramento, Sacramento County Assessor Parcel Number 006-0330-006.
(2) Parcel 2, consisting of approximately 0.027 acres and improvements, located at 1607 10th Street, in Sacramento, Sacramento County Assessor Parcel Number 006-0330-007.
(3) Parcel 3, consisting of approximately 0.030 acres and improvements, located at 1036 P Street, in Sacramento, Sacramento County Assessor Parcel Number 006-0330-011.
(4) Parcel 4, consisting of approximately 0.025 acres and improvements, located at 1603 10th Street, in Sacramento, Sacramento County Assessor Parcel Number 006-0330-014.
(5) Parcel 5, consisting of approximately 0.039 acres and improvements, located at 1601 10th Street, in Sacramento, Sacramento County Assessor Parcel Number 006-0330-015.
(b) To the extent that bonds issued by the State Public Works Board involve the property to be sold pursuant to this section, all issuer- and trustee-related costs associated with the review of any proposed sale, together with the costs related to the defeasance or retirement of any bonds, which may include the cost of nationally recognized bond counsel, shall be paid from the proceeds of any sale or lease authorized by this section.