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CA AB2605
Bill
Status
6/3/2010
Primary Sponsor
Juan Arambula
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AI Summary
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Requires the Director of General Services to submit a cost-benefit analysis to legislative fiscal committee chairs at least 30 days before selling or leasing 11 specified state properties across California.
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Prohibits sale or lease of the identified properties until the Legislature determines the transaction is in the state's best interests, makes a finding, and explicitly authorizes it by statute.
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Authorizes the Department of General Services to enter into sales or long-term leases of specified state buildings including the Attorney General Building in Sacramento, Elihu M. Harris Building in Oakland, and multiple San Francisco and Los Angeles properties.
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Provides that net proceeds from property sales or leases shall be deposited in the General Fund after deducting reimbursements for reasonable costs and bond-related expenses.
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Takes effect immediately as an urgency statute to allow legislative review of proposed property dispositions before the Department of General Services executes transactions.
Legislative Description
State property: sales.
Last Action
In committee: Held under submission.
8/12/2010