Amended in Senate August 5, 2014

Amended in Senate June 2, 2014

Amended in Assembly March 28, 2014

California Legislature—2013–14 Regular Session

Assembly Bill No. 2174

Introduced by Committee on Accountability and Administrative Review (Assembly Members Frazier (Chair), Achadjian (Vice Chair), Buchanan, Ian Calderon, Cooley, Medina, and Quirk-Silva)

February 20, 2014

An act relating to state property, and making an appropriation therefor.

LEGISLATIVE COUNSEL’S DIGEST

AB 2174, as amended, Committee on Accountability and Administrative Review. State property: surplus.

Existing law authorizes the Director of General Services to dispose of state surplus property, subject to specified conditions, including authorization by the Legislature. The California Constitution provides 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. Existing statutory 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, until the bonds issued pursuant to the act are retired. begin delete Existing law creates the Unemployment Compensation Disability Fund, which is continuously appropriated for the purpose of providing and administrating disability benefits. end delete

This bill would authorize the director to dispose of specified parcels of surplus state property. This bill would also specify the treatment of state and federal equity reimbursements in one of the properties being so disposed. By increasing the amounts transferred into continuously appropriated funds, this bill would make an appropriation.

Vote: majority. Appropriation: yes. Fiscal committee: yes. State-mandated local program: no.

The people of the State of California do enact as follows:

SECTION 1.  

(a) The Director of General Services may sell,
exchange, sell combined with an exchange, or lease for fair market
value, upon those terms and conditions as the Director of General
Services determines are in the best interests of the state, all or any
part of the following real property pursuant to Section 11011.1 of
the Government Code:

(1) Parcel 1, consisting of approximately 0.434 acres and
improvements, known as the Employment Development
Department parking lot located at 850 Turk Street in San Francisco,
San Francisco County Assessor Parcel Number 0744-006.

(2) Parcel 2, consisting of three parcels of approximately 0.29
acres and improvements, known as the Employment Development
Department parking lot located at begin delete 700 Golden Gate Avenue end delete begin insert 745
Franklin Street end insert in San Francisco, San Francisco County Assessor
Parcel Numbers 0761-002, 0761-003, and 0761-022.

(3) Parcel 3, consisting of approximately 1.5 acres and
improvements, known as the Department of General Services’
Bercut Drive Building, located at 570 Bercut Drive, in Sacramento,
Sacramento County Assessor Parcel Number 01-0181-028.

(4) Parcel 4, consisting of approximately 1.1 acres and
improvements, known as the Department of Public Health lab
facility located at 1449 West Temple Street in Los Angeles, Los
Angeles County Assessor Parcel Number 5160-005-900.

(5) Parcel 5, consisting of approximately 2.03 acres and
improvements, known as the Department of Corrections and
Rehabilitation’s Fresno Female Offender Program Property, located
at 2855 Whitesbridge Avenue, in Fresno, Fresno County Assessor
Parcel Number 464-020-01-1.

begin insert

(6) Parcel 6, consisting of approximately 1.04 acres and
improvements, known as the California Highway Patrol field office
located at 1888 Oceanside Boulevard, San Diego County Assessor
Parcel Number 151-010-19.

end insert begin insert

(7) Parcel 7, consisting of approximately 1.87 acres and
improvements, known as the California Highway Patrol field office
located at 4040 Pierce Road, Bakersfield, Kern County Assessor
Parcel Number 332-0100-029.

end insert

(b) To the extent bonds issued by the State Public Works Board
involve the property to be sold pursuant to this section, all issuer-
and trustee-related costs associated with the review of any proposed
sale, together with the costs related to the defeasance or retirement
of any bonds, which may include the cost of nationally recognized
bond counsel, shall be paid from the proceeds of any sale or lease
authorized by this section.

(c) Parcel 1 has both federal and state begin delete equity and proceeds
received from the disposition of Parcel 1 shall be treated as follows
with respect to such equity: end delete begin insert equity. Proceeds received from the
disposition of Parcel 1 shall be subject to the reimbursement of
federal and state equity financing, as required under applicable
federal and state laws. end insert

begin delete

(1) Proceeds received from the disposition of Parcel 1 shall be
in an amount equal to the moneys expended from the
Unemployment Compensation Disability Fund used to purchase
this parcel.

end delete begin delete

(2) Proceeds received from the disposition of Parcel 1 shall be
subject to the reimbursement of federal equity financing, as
required under applicable state and federal law.

end delete