Community college districts: sale or lease of real property.

Existing law provides that funds derived from the sale, or from a lease with an option to purchase, of real property belonging to a community college district shall be used for capital outlay or deferred maintenance. However, the proceeds of real property sold or leased in accordance with certain requirements may be deposited in the general fund of the community college district if, prior to the sale or lease, the governing board of the community college district has determined that the community college district has no anticipated need for additional sites or building construction for the 5-year period following the sale or lease. This bill would authorize the Long Beach Community College District to deposit proceeds derived from the sale of specified real properties into its irrevocable trust fund established for retiree benefit obligations. This bill would make legislative findings and declarations as to the necessity of a special statute for the Long Beach Community College District.