BILL NUMBER: AB 2174 CHAPTERED
BILL TEXT
CHAPTER 337
FILED WITH SECRETARY OF STATE SEPTEMBER 15, 2014
APPROVED BY GOVERNOR SEPTEMBER 15, 2014
PASSED THE SENATE AUGUST 14, 2014
PASSED THE ASSEMBLY AUGUST 18, 2014
AMENDED IN SENATE AUGUST 5, 2014
AMENDED IN SENATE JUNE 2, 2014
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, and making an appropriation
therefor.
LEGISLATIVE COUNSEL'S DIGEST
AB 2174, 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 authorize the director to dispose of specified
parcels of surplus state property. This bill would also specify the
treatment of state and federal equity reimbursements in one of the
properties being so disposed. By increasing the amounts transferred
into continuously appropriated funds, this bill would make an
appropriation.
Appropriation: yes.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. (a) 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:
(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 745 Franklin Street 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 Assessor Parcel Number 01-0181-028.
(4) Parcel 4, consisting of approximately 1.1 acres and
improvements, known as the Department of Public Health lab facility
located at 1449 West Temple Street in Los Angeles, Los Angeles County
Assessor Parcel Number 5160-005-900.
(5) Parcel 5, consisting of approximately 2.03 acres and
improvements, known as the Department of Corrections and
Rehabilitation's Fresno Female Offender Program Property, located at
2855 Whitesbridge Avenue, in Fresno, Fresno County Assessor Parcel
Number 464-020-01-1.
(6) Parcel 6, consisting of approximately 1.04 acres and
improvements, known as the California Highway Patrol field office
located at 1888 Oceanside Boulevard, San Diego County Assessor Parcel
Number 151-010-19.
(7) Parcel 7, consisting of approximately 1.87 acres and
improvements, known as the California Highway Patrol field office
located at 4040 Pierce Road, Bakersfield, Kern County Assessor Parcel
Number 332-0100-029.
(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.
(c) Parcel 1 has both federal and state equity. Proceeds received
from the disposition of Parcel 1 shall be subject to the
reimbursement of federal and state equity financing, as required
under applicable federal and state laws.