The Senate just passed AB 151, the BOE headquarters bill.
The measure goes now back to the Assembly for a vote on amendments made to it in the Senate. If approved there, which is likely, the bill goes on to Gov. Arnold Schwarzenegger.
Click here for our last post on AB 151. The bill:
... requires the Director of the Department of General Services to conduct a study to determine whether it is in the best interest of the state to sell or lease specified real property in the City of Sacramento owned by the state, and to report its findings to the Legislature no later than April 1, 2011.
The bill authorized the Director, after making a determination, to sell, exchange, lease, or any combination thereof, all or a portion of the property.
This bill also requires the Director to use the revenues resulting from any sale, exchange, or lease of the property to pay off the total outstanding loan on the property, including any obligations associated with it, as specified.
PHOTO: The 24-story Board of Equalization headquarters at 450 N St. in Sacramento. / Jay Mather, Sacramento Bee file photo