Loading chat...

CA AB2726

Bill

Status

Passed

9/16/2014

Primary Sponsor

Tom Daly

Click for details

Origin

State Assembly

2013-2014 Session

AI Summary

  • Raises the public notice requirement threshold for University of California real property sales from $500,000 to $1,000,000 in estimated value

  • 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

  • Grants the Regents authority to reject all bids and proposals for real property sales

  • 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

Committee Referrals

Appropriations6/24/2014
Governmental Organization6/5/2014
Rules5/23/2014
Appropriations4/9/2014
Accountability and Administrative Review3/17/2014

Full Bill Text

No bill text available