AB 1622

Bill Subjects

Abstract

Existing law requires the funds derived from the sale of surplus property to be used for capital outlay or for costs of maintenance of school district property that the governing board of the school district determines will not recur within a 5-year period. Existing law authorizes the proceeds from a lease of school district property with an option to purchase to be deposited into a restricted fund for the routine repair of school district facilities, as defined, for up to a 5-year period. Existing law, in addition, authorizes the proceeds from the sale or lease with option to purchase to be deposited in the general fund of the school district if the school district governing board and the State Allocation Board determine that the school district has no anticipated need for additional sites or building construction for the 10-year period following the sale or lease with option to purchase, and the school district has no major deferred maintenance requirements and requires those proceeds to be used for one-time expenditures, and prohibits their use for ongoing expenditures, including, but not limited to, salaries and other general operating expenses. Existing law, notwithstanding the provisions above and until January 1, 2014, authorizes a school district to deposit the proceeds from the sale of surplus real property, together with any personal property located on the property, purchased entirely with local funds, into the general fund of the school district and to use the proceeds for any one-time general fund purpose. This bill would authorize the San Marino Unified School District to sell the site of the former Stoneman Elementary School to the City of San Marino and deposit the proceeds from the sale, together with any personal property located on the property, purchased entirely with local funds, into the general fund of the school district and to use the proceeds for any one-time general fund purpose. Before exercising this authority, the school district would be required to submit documents containing certain certifications to the State Allocation Board. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of San Marino and the San Marino Unified School District.