BILL NUMBER: AB 503 AMENDED
BILL TEXT
AMENDED IN ASSEMBLY MAY 24, 2013
AMENDED IN ASSEMBLY APRIL 24, 2013
INTRODUCED BY Assembly Member Wieckowski
FEBRUARY 20, 2013
An act to add Section 11011.29 to the Government Code, relating to
state property, and making an appropriation therefor.
LEGISLATIVE COUNSEL'S DIGEST
AB 503, as amended, Wieckowski. Agnews Developmental Center:
transfer of title.
Existing law requires the Department of General Services to offer
for sale land that is declared excess or is declared surplus by the
Legislature, and that is not needed by any state agency, to local
agencies and private entities and individuals, subject to specified
conditions.
This bill would require authorize
the Director of General Services to transfer title of the former
Agnews Developmental Center to the Santa Clara Unified School
District for educational purposes at fair market value, as specified.
This bill would provide that the value of the property
shall be reduced to less than fair market value if a portion of the
property is zoned to allow for parks or open space purposes.
The California Constitution provides 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, after
which these proceeds are required to be deposited into the Special
Fund for Economic Uncertainties. Existing statutory law similarly
requires that the net proceeds received from any real property
disposition be paid into the Deficit Recovery Bond Retirement Sinking
Fund Subaccount, a continuously appropriated fund, until the bonds
issued pursuant to the act are retired.
By increasing the amount transferred into a continuously
appropriated fund, this bill would make an appropriation.
Vote: majority. Appropriation: yes. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 11011.29 is added to the Government Code, to
read:
11011.29. Notwithstanding Section 11011.1 or any other
law, the Director of General Services shall
may transfer title of the former Agnews Developmental Center to
the Santa Clara Unified School District for educational purposes at
fair market value. Fair market value shall be determined based upon a
mutually acceptable value supported by an appraisal conducted by the
department and an appraisal conducted by the Santa Clara Unified
School District. The value of the property shall be reduced
to less than fair market value if a portion of the property is zoned
to allow for parks or open space purposes.