CA SB860

Eliminates the Department of Finance certification requirement for capital outlay and design-build projects; allows the department to change approved scope and report changes to legislative committees 20 days prior to board action instead of requiring board deferral.

Grants the Department of Finance full authority to determine which fund sources bear augmentation costs for projects with multiple funding sources (general obligation bonds, lease revenue bonds, etc.).

Permits the Director of Finance to designate a deputy to serve as board representative and chair the State Public Works Board; authorizes the board to delegate powers to members or staff by resolution.

Removes Department of General Services approval requirement for State Public Works Board leasing authority; expands the board's ability to lease property to and from any state agency (including UC, CSU, community colleges, and Judicial Council) without regard to state ownership.

Authorizes the State Public Works Board to acquire buildings by lease from any state agency through July 1, 2015, for financing purposes and pledge lease revenues to secure revenue bonds; eliminates provisions requiring General Services to prepare building plans and specifications or contract for maintenance of board-constructed buildings.