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CA AB2726
Bill
AI Summary
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Raises the public notice requirement threshold for University of California real property sales from $500,000 to $1,000,000 in estimated value
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Authorizes the Regents to consider bidder qualifications (such as ability to complete transaction or secure development entitlements) in addition to price and terms when selecting bids
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Grants the Regents authority to reject all bids and proposals for real property sales
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Exempts additional property categories from competitive bidding requirements, including property acquired through foreclosure, deed in lieu of foreclosure, mortgage settlements, and property held in the university's investment portfolio
Legislative Description
University of California: real property sales.
Last Action
Chaptered by Secretary of State - Chapter 361, Statutes of 2014.
9/16/2014