State property: California Hope Public Trust.

Existing law requires each state agency to report annually to the Department of General Services any proprietary state lands under the jurisdiction of that agency that are in excess of the foreseeable needs of that agency. Existing law provides certain exceptions from this requirement, including, among others, lands under the jurisdiction of specified state entities. Existing law authorizes the Director of General Services to require a state agency to transfer to the department jurisdiction over any land declared excess by a state agency. Existing law authorizes the department to take specified actions with respect to that property, including, among others, asking permission from the Legislature to sell or dispose of the property. Existing law authorizes the department to give priority to any property that involves the exchange of surplus lands listed in specified reports. Existing law requires the department to maintain a complete and accurate statewide inventory of all real property held by the state. This bill would exempt additional agencies from the requirement to report annually to the Department of General Services any property held by that agency that is in excess of its needs. The bill would authorize the department to give priority to proposals to further the purposes of the provisions governing the California Hope Public Trust. The bill would establish the California Hope Public Trust in state government, to be governed and administered by the Department of General Services with input from a 9‑member advisory board of the trust, as specified. The bill would require the Department of General Services by March 31, 2013, and annually thereafter, to submit to the trust a complete and thorough inventory of all state‑owned real estate and property that is not exempt from transfer to the trust, as specified, and all lease agreements between any state agency and private or nonpublic management groups, as specified. The bill would require the trust by January 1, 2015, and at least biennially thereafter, to review that inventory of state-owned property, in consultation with the board, and to determine which properties shall be controlled by the trust. The bill would require the trust, in consultation with the board, by January 1, 2015, and as appropriate thereafter, to request that the Legislature enact legislation that would authorize the trust to control any of those properties. The bill would authorize the trust to hire staff for these purposes. The bill would require the Department of General Services to provide the board with suitable office accommodations. The bill would require the trust to accomplish various objectives, including, among others, to generate a return on real estate holdings in the possession of the trust, and to use private sector management and accounting methods to provide for the efficient and effective utilization of state assets. The bill would authorize the trust to carry out various powers, including, among others, to acquire or dispose of any property, to construct and maintain any building, and to lease property to public or private entities. The bill would prohibit the trust from selling or disposing of any land reported as excess or any surplus state real property under certain statutes. The bill would prohibit the trust from taking responsibility of certain lands under the responsibility of the Judicial Council and other specified types of land and property. Notwithstanding the above, the bill would provide that these provisions shall become operative only to the extent legislation is enacted to authorize the trust to control those properties, as specified. The bill would require the budget of the trust to be subject to appropriation in the annual Budget Act. The bill would require all net proceeds received or generated as a result of activities of the trust to be paid to the California Hope Public Trust Fund, which would be created by this bill, and require the trust to use the money in that fund, upon appropriation by the Legislature in the annual Budget Act in accordance with a specified schedule, to support the California State University, California Community Colleges, and University of California systems. Commencing on or before July 1, 2016, and each year thereafter, the bill would require the trust to report to the Legislature on the activities undertaken by the trust and to include a financial statement showing the assets, liabilities, revenues, and expenditures of the trust, and a summary of net proceeds. The bill would repeal these provisions on January 1, 2019, unless legislation is enacted that becomes effective before that date, that transfers management and control over property to the trust.