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CA AB2605

Bill

Status

Engrossed

6/3/2010

Primary Sponsor

Juan Arambula

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Appropriations6/22/2010
Governmental Organization6/10/2010
Rules6/7/2010
Appropriations4/26/2010
Revenue and Taxation3/25/2010

Full Bill Text

No bill text available