AB 826, as amended, Jones-Sawyer. 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 ofbegin delete 2end deletebegin insert 8end 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:
begin insert(a)end insert The Director of General Services may sell,
2exchange, sell combined with an exchange, or lease for fair market
3value, upon those terms and conditions as the Director of General
4Services determines are in the best interests of the state, all or any
5part of the following real property pursuant to Section 11011.1 of
6the Government Code:
7 7(a)
end delete
8begin insert(1)end insert Parcel 1, consisting of approximately 15 acres and
9improvements, known as a portion of the California Department
10of Corrections and Rehabilitation’s Preston Youth Correctional
11Facility, located at 201 Waterman Road, in Ione, Amador County.
12(b) (1)
end delete
13begin insert(2)end insert Parcel 2, consisting of approximately 160 acres and
14improvements, known as the California Department of Corrections
15and Rehabilitation’s Estrella Correctional Facility, located at 4545
16Airport
Road, in Paso Robles, San Luis Obispo County.
17(3) Parcel 3, consisting of approximately 0.90 acres and
18improvements, known as the Employment Development
19Department’s Vallejo Office Building, located at 1440 Marin
20Street, in Vallejo, Solano County.
15 21(2)
end delete
22begin insert(b)end insert To the extent that bonds issued by the State Public Works
23Board involve the property to be sold pursuant to this section, all
24issuer- and trustee-related costs associated with the review of any
25proposed sale,
together with the costs related to the defeasance or
26retirement of any bonds, which may include the cost of nationally
27recognized bond counsel, shall be paid from the proceeds of any
28sale or lease authorized by this section.
(a) The department may sell all or a portion of the
30following properties located in the City of Sacramento, County of
31Sacramento, and leased by the department to the Capitol Area
32Development Authority. The properties shall be sold for market
P3 1value or upon the terms and conditions as the director determines
2are in the best interest of the state.
3(1) Parcel 1, consisting of approximately .027 acres and
4improvements,
located at 1627 10th Street, in Sacramento,
5Sacramento County Assessor Parcel Number 006-0330-006.
6(2) Parcel 2, consisting of approximately .027 acres and
7improvements, located at 1607 10th Street, in Sacramento,
8Sacramento County Assessor Parcel Number 006-0330-007.
9(3) Parcel 3, consisting of approximately .030 acres and
10improvements, located at 1036 P Street, in Sacramento,
11Sacramento County Assessor Parcel Number 006-0330-011.
12(4) Parcel 4, consisting of approximately .025 acres and
13improvements, located at 1603 10th Street, in Sacramento,
14Sacramento County Assessor Parcel Number 006-0330-014.
15(5) Parcel 5, consisting of approximately .039 acres and
16improvements, located at 1601 10th Street, in Sacramento,
17Sacramento County Assessor Parcel Number
006-0330-015.
18(b) To the extent that bonds issued by the State Public Works
19Board involve the property to be sold pursuant to this section, all
20issuer- and trustee-related costs associated with the review of any
21proposed sale, together with the costs related to the defeasance
22or retirement of any bonds, which may include the cost of
23nationally recognized bond counsel, shall be paid from the
24proceeds of any sale or lease authorized by this section.
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