BILL NUMBER: AB 2174	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MARCH 28, 2014

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

                        FEBRUARY 20, 2014

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


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2174, as amended, Committee on Accountability and
Administrative Review. State property: surplus.
   Existing law authorizes the Director of General Services to
dispose of state surplus property, subject to specified conditions,
including authorization by the Legislature. 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.
   This bill would  state the intent of the Legislature to
enact legislation to  authorize the director to dispose of
 specified  parcels of surplus state property.  By
increasing the amount transferred into a continuously appropriated
fund, this bill would make an appropriation. 
   Vote: majority. Appropriation:  no   yes
 . Fiscal committee:  no   yes  .
State-mandated local program: no.


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

  SECTION 1.  (a)  It is the intent of the Legislature to
enact legislation to authorize the   The  Director
of General Services  to   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.   Code:  
   (1) Parcel 1, consisting of approximately 0.434 acres and
improvements, known as the Employment Development Department parking
lot located at 850 Turk Street in San Francisco, San Francisco County
Assessor Parcel Number 0744-006.  
   (2) Parcel 2, consisting of three parcels of approximately 0.29
acres and improvements, known as the Employment Development
Department parking lot located at 700 Golden Gate Avenue in San
Francisco, San Francisco County Assessor Parcel Numbers 0761-002,
0761-003, and 0761-022.  
   (3) Parcel 3, consisting of approximately 1.5 acres and
improvements, known as the Department of General Services' Bercut
Drive Building, located at 570 Bercut Drive, in Sacramento,
Sacramento County. 
   (b) 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.