BILL NUMBER: SB 1093	CHAPTERED  09/01/99

	CHAPTER   293
	FILED WITH SECRETARY OF STATE   SEPTEMBER 1, 1999
	APPROVED BY GOVERNOR   AUGUST 31, 1999
	PASSED THE ASSEMBLY   AUGUST 23, 1999
	PASSED THE SENATE   MAY 17, 1999
	AMENDED IN SENATE   MAY 6, 1999

INTRODUCED BY   Senator Johnston

                        FEBRUARY 26, 1999

   An act to add Section 14669.14 to the Government Code, relating to
state property, and making an appropriation therefor.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1093, Johnston.  Department of General Services:  Stephen P.
Teale Data Center.
   Existing law generally authorizes the Director of General Services
to hire, lease, lease-purchase, or lease with the option to purchase
any real or personal property for the use of any state agency, if
the director deems the hiring or leasing is in the best interest of
the state.  Existing law prohibits the director from entering into a
lease-purchase agreement that involves office space, unless
specifically authorized to do so by the Legislature.
   This bill would authorize the director to exercise the option to
purchase 137,275 of net usable square feet of data center , office
space , and appurtenances set forth in the lease for 3101 Gold Camp
Drive in Rancho Cordova, California, for a price not to exceed
$47,000,000 for use by the Stephen P. Teale Data Center.  The State
Public Works Board would be authorized to issue revenue bonds,
negotiable notes, or negotiable bond anticipation notes to finance
the acquisition of the facilities by exercise of the option to
purchase.  The bill would specify that funds derived from the interim
and permanent financing or refinancing of these facilities are
continuously appropriated for the purposes of this bill.
   Appropriation:  yes.


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


  SECTION 1.  Section 14669.14 is added to the Government Code, to
read:
   14669.14.  (a) The director may exercise the option to purchase
137,275 of net usable square feet of data center, office space, and
appurtenances set forth in the lease for 3101 Gold Camp Drive, Rancho
Cordova, California, 95670, for a price not to exceed forty-seven
millions dollars ($47,000,000), for use by the Stephen P. Teale Data
Center.
   (b) The State Public Works Board may issue revenue bonds,
negotiable notes, or negotiable bond anticipation notes pursuant to
the State Building Construction Act of 1955 (Part 10b (commencing
with Section 15800) to finance the acquisition of the facilities
authorized by subdivision (a) by exercise of the option to purchase.
The board may borrow funds for project costs from the Pooled Money
Investment Account pursuant to Sections 16312 and 16313.
   The amount of revenue bonds, negotiable notes, or negotiable bond
anticipation notes to be sold shall equal the cost of acquisition by
exercise of the option to purchase, any additional sums necessary to
pay interim and permanent financing costs, and costs to issue these
bonds.  The additional amount may include interest and a reasonable
required reserve fund.
   (c) Notwithstanding Section 13340, funds derived from the interim
and permanent financing or refinancing of the facilities specified in
this section are hereby continuously appropriated without regard to
fiscal years for these purposes.