AB 2726, as introduced, Daly. University of California: real property sales.
Existing law requires the Regents of the University of California to accept in public a bid for the sale of University of California real property that offers the combination of price and terms which it deems to be in the best interest of the university.
This bill would require the Legislative Analyst’s Office to report to the Legislature, by June 30, 2015, on the feasibility of allowing the regents to consider factors other than price and monetary terms in selecting a bid for the sale of real property.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 10512 of the Public Contract Code is
2amended to read:
(a) On the date designated in the public notice, the
4sealed bids shall be publicly opened.
P2 1(b) (1) The regents shall accept in public the bid that offers the
2combination of price and terms which it deems to be in the best
3interest of the university, or reject all bids.
4(2) If a successful bidder fails to perform in the manner
5specified, the regents may, at their sole option and without further
6notice, accept, from those remaining bids submitted and opened
7in public pursuant to subdivision (a), the bid that offers the
8combination of price and terms that the regents deem to be in the
9best interest of the university.
10(c) The Legislative Analyst’s Office shall report to the
11Legislature, by June 30, 2015, on the feasibility of allowing the
12regents to consider factors other than price and monetary terms
13in selecting a bid for the sale of real property.
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