AB 2904,
as amended, Committee on Accountability and Administrative Review. State real property:begin delete surplus.end deletebegin insert disposition.end insert
Existing
end deletebegin insert(1)end insertbegin insert end insertbegin insertExisting end insertlaw provides that the Director of General Services may acquire and dispose of surplus state real property where that property is not needed by another state agency and the Legislature has authorized disposal of the property. Existing law also specifies the manner in which the department is to dispose of surplus state real property.
This bill would authorize the director to dispose of a specified parcel of state property, known as the California Highway Patrol field office located at 3330 North Ad Art Road, in Stockton, pursuant to these provisions.
begin insert(2) Existing law authorizes the Director of General Services to sell, exchange, sell combined with an exchange, or lease for fair market value, upon those terms and conditions as the director determines are in the best interests of the state, all or any part of a parcel consisting of approximately 0.90 acres and improvements, known as the Employment Development Department’s Vallejo Office Building, located at 1440 Marin Street, in Vallejo, Solano County.
end insertbegin insertThis bill would rescind that authority.
end insertThe
end deletebegin insert(3)end insertbegin insert end insertbegin insertThe end insertCalifornia Constitution requires 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, the final payment of which was made in the 2015-16 fiscal year, after which these proceeds are required to be deposited into the Special Fund for Economic Uncertainties, a continuously appropriated fund.
By increasing the amount transferred into the Special Fund for Economic Uncertainties, a continuously appropriated fund, this bill would make an appropriation.
Vote: 2⁄3. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
(a) 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 Parcel 1, consisting of approximately 1.30 acres and
6improvements, known as the California Highway Patrol field office
7located at 3330 North Ad Art Road, in Stockton, San Joaquin
8County Parcel Assessor Parcel Number 087-100-03, pursuant to
9Section 11011.1 of the Government Code.
10(b) To the extent that bonds issued by the State Public
Works
11Board involve the property to be sold pursuant to this section, all
12issuer- and trustee-related costs associated with the review of any
13proposed sale, together with the costs related to the defeasance or
14retirement of any bonds, which may include the cost of nationally
15recognized bond counsel, shall be paid from the proceeds of any
16sale or lease authorized by this section.
Notwithstanding any other law that declared the
18property as surplus, the following parcel is no longer surplus to
19the state’s needs and the surplus property sale authorization is
20hereby rescinded:
P3 1
A parcel consisting of approximately 0.90 acres and
2improvements, known as the Employment Development
3Department’s Vallejo Office Building, located at 1440 Marin
4Street, in Vallejo, Solano County, declared surplus in Assembly
5Bill 826, Chapter 505 of the Statutes of 2013.
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