Section 435 Of Article 2. Armories From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 8. >> Article 2.
435
. (a) The Director of General Services, with the approval of the
Adjutant General, may lease for not more than 99 years or sell for
fair market value upon terms and conditions and subject to any
reservations and exceptions as may be determined to be in the best
interests of the state any real property held for armory purposes.
Real property shall not be sold or leased pursuant to this
subdivision unless the Legislature, by statute, approves the sale or
lease of the property.
(b) There is in the State Treasury the Armory Fund. All net
proceeds from the sale or lease of an armory shall be deposited in
the fund. The money in the fund is available, upon appropriation by
the Legislature, for the maintenance of existing armories, and for
the acquisition or construction of new or replacement armories,
including, but not limited to, the cost of design. The disposition of
armory properties is not subject to subdivision (g) of Section 11011
of the Government Code.
(c) For the purposes of this section, "net proceeds" are the gross
proceeds less:
(1) Outstanding reimbursements due to the Property Acquisition Law
Money Account for costs incurred by the Department of General
Services in selling an armory property.
(2) All costs directly related to the disposition of an armory,
including, but not limited to, all costs and expenses incurred by the
Department of General Services, as specified in subdivision (d).
(d) Notwithstanding subdivision (b), the Department of General
Services shall, upon appropriation by the Legislature, use funds from
the Property Acquisition Law Money Account for the purposes of
selling armory properties. The Director of Finance may approve loans
from the General Fund to the Property Acquisition Law Money Account.
(e) The sale of an armory shall be made on an "as is" basis and is
exempt from Division 13 (commencing with Section 21100) of the
Public Resources Code. Upon vesting title of the armory to the
purchaser or transferee of the armory, the purchaser or transferee
shall be subject to any local governmental land use entitlement
requirements and to Division 13 (commencing with Section 21100) of
the Public Resources Code.