CA SB536

Requires net proceeds (gross proceeds minus reimbursements and disposition costs) from the sale or lease of armories to be deposited into the Armory Fund, rather than all proceeds.

Authorizes the Department of General Services to use funds from the Property Acquisition Law Money Account for selling armory properties, with the Director of Finance able to approve loans from the General Fund to cover costs.

Specifies that armory sales are conducted on an "as is" basis and are exempt from environmental review requirements under Division 13 of the Public Resources Code until title transfers to the purchaser.

Grants the City of Azusa an option to purchase the Azusa-Orange Armory by July 1, 2016, with consideration for capital improvements made by the city; after that date, the property shall be offered for public bid.

Authorizes the Director of General Services, with Adjutant General approval, to sell seven specified armory properties: Azusa-Orange, Brawley, Indio, Lynwood, Pomona Park, Santa Barbara, and Yreka Armories.