CHAPTER 1. School Land Bank Act

Chapter 1 added by Stats. 2011, Ch. 485, Sec. 2.

§§ 8700–8716 · 17 sections

• § 8700 This division shall be known and may be cited as the School Land Bank Act.
• § 8701 The Legislature finds and declares as follows: (a) Past policies of the state have resulted in significant depletion of the inventory of lands granted by the…
• § 8702 Unless the context otherwise requires, the definitions in this section govern the construction of this division. (a) “Commission” means the State Lands…
• § 8703 Acquisitions may be made by negotiated agreement with, or purchase from, the owners of the outstanding interests. Nothing in this division confers any…
• § 8704 The trustee shall make all reasonable attempts to acquire the mineral and other subsurface rights in any acquisition pursuant to this division. If the trustee…
• § 8705 The trustee has the exclusive jurisdiction and authority to administer the fund and the interest in real property acquired pursuant to this division, including…
• § 8706 The state, in its sovereign capacity, shall accept any conveyance, and the land shall thereafter be held by the state as land of the legal character of school…
• § 8707 The commission shall accept the conveyances on the part of the state and shall authorize their acknowledgment and recordation.
• § 8708 Until expended for acquisitions in accordance with this division, moneys in the fund shall be deposited in the Pooled Money Investment Fund and the interest…
• § 8709 In addition to the purchase price to be paid, the costs and expenses attributable to the acquisition, including, but not limited to, the fees and expenses of…
• § 8709.5 Expenses attributable to management and remediation efforts on state school lands are payable from the fund.
• § 8710 An action under this chapter is not subject to the California Environmental Quality Act (Division 13 (commencing with Section 21000)), the Subdivision Map Act…
• § 8711 There is in the State Treasury the School Land Bank Fund, which is hereby created. Notwithstanding Section 13340 of the Government Code, all moneys in the fund…
• § 8712 The trustee may acquire real property or any interest in real property with the objective of facilitating management of school lands for the purpose of…
• § 8713 The trustee shall act only at an open, scheduled public meeting, subject to all provisions of Division 6 (commencing with Section 6001) relating to meetings of…
• § 8715 The provisions of this division are not intended as exclusive, and shall not restrict the commission in otherwise meeting any other responsibilities and…
• § 8716 The trustee may accept gifts of real property or money for the purposes of this division.