CA SB964

Authorizes property or property interests to be offered for sale to certain entities (state, county, nonprofit organizations) without first being offered to the general public if the State Board of Equalization determines the property is worth less than the defaulted debt.

Requires taxing authorities intending to sell tax-defaulted property under these provisions to notify the State Board of Equalization of their intent.

Mandates the State Board of Equalization provide a property valuation within 45 days of receiving notification, determining whether the property value is less than the amount of defaulted taxes, penalties, and costs.

Requires the State Controller to verify the Board of Equalization's valuation shows the property is worth less than the defaulted debt before approving such sales.