CA AB1977

Authorizes the Director of General Services to sell, exchange, lease, or combine sale with exchange of five specified state properties including a Santa Ana State Building, two California Highway Patrol offices in Crescent City and Truckee, and one in San Diego.

Requires the State Public Works Board to approve any purchase, lease, or exchange agreement for these properties if outstanding bonds are involved, with bond defeasance costs to be paid from transaction proceeds.

Directs proceeds from the sale of surplus state property to be deposited into the Special Fund for Economic Uncertainties after all Economic Recovery Bond Act obligations are satisfied.

Makes an appropriation to the Special Fund for Economic Uncertainties through increased transfers from property sale proceeds.