BILL NUMBER: SB 431	CHAPTERED  07/26/99

	CHAPTER   174
	FILED WITH SECRETARY OF STATE   JULY 26, 1999
	APPROVED BY GOVERNOR   JULY 23, 1999
	PASSED THE ASSEMBLY   JULY 8, 1999
	PASSED THE SENATE   APRIL 29, 1999
	AMENDED IN SENATE   MARCH 22, 1999

INTRODUCED BY   Senator Alarcon
   (Principal coauthor:  Assembly Member Cardenas)

                        FEBRUARY 16, 1999

   An act to amend Section 1 of Chapter 1005 of the Statutes of 1982,
relating to fairs, and declaring the urgency thereof, to take effect
immediately.



	LEGISLATIVE COUNSEL'S DIGEST


   SB 431, Alarcon.  51st District Agricultural Association.
   Existing law authorizes the 51st District Agricultural Association
to sell approximately 7.2 acres of land, as described, the proceeds
of which are required to be used only for the acquisition of land for
use as a permanent fairground site, with limited exceptions.
   This bill would revise this provision to also authorize the
proceeds from the sale of this property to be used to lease and
improve real property for a permanent fairground site.
   The bill would declare that it is to take effect immediately as an
urgency statute.


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


  SECTION 1.  Section 1 of Chapter 1005 of the Statutes of 1982 is
amended to read:
  Section 1.  The sum of one hundred fifty thousand dollars
($150,000) is hereby appropriated from the Off-Highway Vehicle Fund
to the Department of Parks and Recreation and shall be loaned to the
51st District Agricultural Association by the department at the rate
of interest earned by funds in the pooled money account.  The loan
shall be for the purpose of producing an off-highway vehicle fair at
the Hungry Valley State Vehicular Recreation Area.  Terms and
conditions relating to repayment of the loan shall be determined by
the Director of Parks and Recreation and shall be approved by the
51st District Agricultural Association.
   The 51st District Agricultural Association is hereby authorized to
sell the approximately 7.2 acres of land bordered on the south by Le
Marsh Street, on the north by Devonshire Street, and on the east by
Lindley Avenue. The proceeds of this sale shall be deposited in an
interest-bearing trust account and the principal in that account
shall be used only for the acquisition of land, or for the lease and
improvement of real property, for use as a permanent fairground site,
except that if any portion of the loan remains unpaid at the time
that interest commences on the account, all interest earned on the
account or on any trust deed from the sale shall be applied to the
loan repayment until the loan is repaid in full.
   Moneys received by the department in repayment of the loan shall
be deposited in the Off-Highway Vehicle Fund.  Upon repayment of the
loan, any revenues of the fair and interest earned from the sale of
the property may be used for any authorized activity or purpose of
the 51st District Agricultural Association.
  SEC. 2.  This act is an urgency statute necessary for the immediate
preservation of the public peace, health, or safety within the
meaning of Article IV of the Constitution and shall go into immediate
effect.  The facts constituting the necessity are:
   In order to enable the 51st District Agricultural Association to
establish a permanent fairground site at the earliest possible time,
it is necessary that this act take effect immediately.