BILL NUMBER: SB 488 CHAPTERED 07/02/07 CHAPTER 28 FILED WITH SECRETARY OF STATE JULY 2, 2007 APPROVED BY GOVERNOR JULY 2, 2007 PASSED THE SENATE MAY 17, 2007 PASSED THE ASSEMBLY JUNE 21, 2007 INTRODUCED BY Senator Migden FEBRUARY 22, 2007 An act to amend Section 5540.5 of the Public Resources Code, relating to public resources. LEGISLATIVE COUNSEL'S DIGEST SB 488, Migden. Public resources: open-space district: exchange of real property. Existing law authorizes the East Bay Regional Park District, and the Midpeninsula Regional Open Space District, in a calendar year to exchange not more than 40 acres of district-owned real property or any interest in real property, for real property or an interest in real property, that is of equal or greater value and is necessary to be acquired for park or open-space purposes. This bill would authorize the Sonoma County Agricultural Preservation and Open Space District to exchange not more than 40 acres of district-owned real property or any interest in real property for the above purposes. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 5540.5 of the Public Resources Code is amended to read: 5540.5. (a) Notwithstanding Section 5540, a district, with the approval by a unanimous vote of the members of its board of directors, may exchange real property, or an interest in real property, dedicated and used for park or open-space purposes, or both park and open-space purposes, for real property, or an interest in real property, that the board of directors determines to be of equal or greater value and is necessary to be acquired for park or open-space purposes, or both park and open-space purposes. (b) A district shall not in a calendar year exchange more than 10 acres of district-owned real property, or an interest in real property, pursuant to this section for other real property, or an interest in real property, and the real property, or interest in real property, acquired by the district shall be adjacent to other real property owned by the district. (c) Notwithstanding subdivision (b), the East Bay Regional Park District, the Midpeninsula Regional Open Space District, and the Sonoma County Agricultural Preservation and Open Space District may exchange up to a maximum of 40 acres, of district-owned real property or an interest in real property in a calendar year pursuant to this section, for other real property or an interest in real property, and real property or an interest in real property so acquired by the district shall be adjacent to other real property owned by the district.