State property: sales.

(1) Existing law, enacted in 2009, authorized the sale or lease of specified real property or buildings, or both, in Los Angeles, Oakland, Rancho Cordova, Sacramento, San Francisco, and Santa Rosa. Existing law authorizes the Director of General Services to determine the terms and conditions that are to be imposed upon that sale or lease, for the best interests of the state. This bill would require the Director of General Services, at least 30 days prior to executing a transaction for a sale or lease as described above, to submit to the chairs of the fiscal committees of the Legislature an analysis of the transaction comparing the costs and benefits to the state of a sale or lease of the real property or building to continued ownership over a 50-year period. The bill would prohibit the real property or buildings from being sold or leased until the Legislature determines that the transaction is in the best interests of the state, makes a finding to this effect, and explicitly authorizes the sale by statute. (2) This bill would declare that it is to take effect immediately as an urgency statute.