BILL ANALYSIS
Senate Appropriations Committee Fiscal Summary
Senator Christine Kehoe, Chair
2279 (Evans)
Hearing Date: 8/2/2010 Amended: 7/15/2010
As
proposed to be amended
Consultant: Bob Franzoia Policy Vote: G O 8-1
_________________________________________________________________
____
BILL SUMMARY: AB 2279 would authorize the Department of General
Services (DGS) to sell or exchange, at fair market value, all or
part of a specified parcel of state property to the County of
Napa, upon the terms and conditions DGS determines are in the
best interest of the state, by January 1, 2015. This bill would
require any agreement for the sale or exchange of the property
to include a provision that requires the County of Napa to
retain title to the property for use as a park or wilderness
preserve, or in the event of a future sale of that property by
the county, require the county, by recorded easement, to limit
future uses of the property to a park or wilderness preserve.
This bill would require that any agreement for the sale or
exchange of the property preserve Napa State Hospital's
ownership and use of a specified area known as Camp Coombs.
This bill would require the net proceeds of any moneys received
from the disposition of the property to be paid into the Deficit
Recovery Bond Retirement Sinking Fund Subaccount, a continuously
appropriated fund, thereby making an appropriation. This bill
would permit the County of Napa to enter into an agreement with
a nonprofit land trust or nonprofit conservation entity for the
purpose of sharing the cost associated with the sale or exchange
authorized by this bill, provided all its other requirements are
met.
_________________________________________________________________
____
Fiscal Impact (in thousands)
Major Provisions 2010-11 2011-12 2012-13 Fund
Sale or lease of state One time revenue increase from sale
orGeneral*
property exchange, less that fair market value to
the extent specified sale conditions
reduce potential bidder interest
* Deficit Recovery Bond Retirement Sinking Fund Subaccount
_________________________________________________________________
____
STAFF COMMENTS: This bill may meet the criteria for referral to
the Suspense File.
The fiscal impact of this bill would be a one time revenue
increase from the sale or exchange though the conditions that
Napa County retain title and that part of the property will
remain in Napa State Hospital ownership may result in a
reduction of the property's true fair market value. However,
the location of the property may discourage the interest of
potential bidders.
Staff notes the proposed amendment would declare the property
surplus.