Amended in Assembly April 8, 2013

California Legislature—2013–14 Regular Session

Assembly Bill No. 826

Introduced by Assembly Member Salas

February 21, 2013

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

LEGISLATIVE COUNSEL’S DIGEST

AB 826, as amended, Salas. State property: surplus.

(1) Existing law authorizes the Director of General Services to dispose of state surplus property, subject to specified conditions, including authorization by the Legislature.

This bill would authorize the director to dispose of begin delete 3 end delete begin insert 2 end insert specified parcels of state property.

(2) 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.  

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:

begin delete

(a) Parcel 1, consisting of approximately 98 acres and
improvements, known as the California Department of Corrections
and Rehabilitation’s Norco Rehabilitation Center, located at 5th
Street and Western, in Norco, Riverside County.

end delete begin delete

(b)

end delete

begin insert (a) end insert  Parcel begin delete 2, end delete begin insert 1, end insert 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.

begin delete

(c)

end delete

begin insert (b) end insert  (1) Parcel begin delete 3, end delete begin insert 2, end insert 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.

(2) To the extent 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.