BILL NUMBER: AB 1416	INTRODUCED
	BILL TEXT


INTRODUCED BY   Committee on Accountability and Administrative Review
(Frazier (Chair), Achadjian (Vice Chair), Buchanan, Ian Calderon,
Cooley, Lowenthal, Medina, Quirk-Silva, and Salas)

                        MARCH 20, 2013

   An act to amend Section 15854.1 of the Government Code, relating
to state government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1416, as introduced, Committee on Accountability and
Administrative Review. State government: property acquisition.
   The Property Acquisition Law requires that all real property and
interests in real property to be acquired by or for any state agency,
with specified exceptions, be acquired by the State Public Works
Board. Existing law allows the State Public Works Board to enter into
payment agreements, including agreements that provide for interest
payments, with the owner of property to be acquired.
   This bill would require the State Public Works Board to annually
notify the Legislature of a payment agreement or interest payment
resulting from a property acquisition.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 15854.1 of the Government Code is amended to
read:
   15854.1.  At the request of the owner of property acquired
pursuant to this part, the board may enter into an agreement with the
owner specifying the manner of payment of compensation to which the
owner is entitled as the result of the acquisition. The agreement may
provide that the compensation shall be paid by the board to the
owner over a period not to exceed 10 years from the date the owner's
right to compensation accrues. The agreement may also provide for the
payment of interest by the board; however, the rate of interest
agreed upon may not exceed the maximum rate authorized by Section
16731 or 53531 of the Government Code, as applicable, in connection
with the issuance of bonds.  The board shall annually notify the
Legislature of   any payment agreement or interest payment
resulting from the acquisition.