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CA AB1748

Bill

Official Source

Status

Passed

7/10/2012

Primary Sponsor

Paul Fong

Click for details

Origin

State Assembly

2011-2012 Session

AI Summary

  • Amends Education Code Section 81378.1 to remove the $25,000 per year cap on fair market value of leases for community college district property
  • Allows governing boards to lease buildings, grounds, or space not needed for academic activities for periods between five days and five years
  • Requires governing boards to include lease descriptions and fair market value methodology in public board agendas and publish notice in newspapers for three successive weeks before action
  • Permits lease agreements to include renegotiation provisions and allow rescission with 60 days' notice if property becomes needed for academic activities
  • Requires lease revenues to be retained by the community college district and used to supplement, not replace, state funding

Legislative Description

California Community Colleges: fair market value of

Last Action

Chaptered by Secretary of State - Chapter 78, Statutes of 2012.

7/10/2012

Committee Referrals

Education4/19/2012
Rules4/12/2012
Higher Education3/1/2012

Full Bill Text

No bill text available