SB 273, as amended, Hueso. State real property: surplus.
Existing
end delete
begin insert(1)end insertbegin insert end insertbegin insertExistingend insert lawbegin delete authorizesend deletebegin insert provides thatend insert the Director of General Servicesbegin delete toend deletebegin insert mayend insert acquire and dispose ofbegin insert
surplusend insert state real propertybegin delete under specified conditions.end deletebegin insert 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 which the department is to dispose of surplus state real property.end insert
This bill would state the intent of the Legislature to enact legislation that would authorize the director to dispose of parcels of surplus state real property.
end deleteThis bill would authorize the director to dispose of 2 specified parcels of state property pursuant to these provisions.
end insertbegin insert(2) The California 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, after which these proceeds are required to be deposited into the Special Fund for Economic Uncertainties, a continuously appropriated fund. Existing 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 previously established by the California Constitution, until the bonds issued pursuant to the act are retired, and afterward be paid into the Special Fund for Economic Uncertainties.
end insertbegin insertBy increasing the amount transferred into continuously appropriated funds, this bill would make an appropriation.
end insertVote: begin deletemajority end deletebegin insert2⁄3end insert.
Appropriation: begin deleteno end deletebegin insertyesend insert.
Fiscal committee: begin deleteno end deletebegin insertyesend insert.
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 the following real property pursuant to Section 11011.1 of
6the Government Code:
7(1) Parcel 1, consisting of approximately 0.17 acres and
8improvements, known as the Department of Conservation field
9office located at 466 North Fifth Street,
in Coalinga, Fresno County
10Assessor Parcel Number 072-111-16T.
11(2) Parcel 2, consisting of approximately 29.93 acres and
12improvements, known as the Department of Forestry Crystal Creek
13Conservation Camp located at 2242 Highway 2999 West, in
14Whiskytown, Shasta County Assessor Parcel Number 011-290-038.
15(b) To the extent that bonds issued by the State Public Works
16Board involve the property to be sold pursuant to this section, all
17issuer- and trustee-related costs associated with the review of any
18proposed sale, together with the costs related to the defeasance
19or retirement of any bonds, which may include the cost of
20nationally recognized bond counsel, shall be paid from the
21proceeds of any sale or lease authorized by this section.
It is the intent of the Legislature to enact
23legislation that would authorize the director to dispose of parcels
24of surplus state real property pursuant to Section 11011.1 of the
25Government Code.
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