California legislation · 2025-2026 Regular Session
California AB2329: Surplus residential property: condition-adjusted price of the fair market value: Cities of Pasadena and South Pasadena.
Status: Chaptered, September 30, 2026
What the bill says
An act to amend Sections 54235, 54236, 54237, 54237.10, 54238, 54238.8, 54239.5, and 54239.6 of, and to add Section 54238.2 to, the Government Code, relating to surplus residential property, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately. surplus residential property, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately Surplus residential property: condition-adjusted price of the fair market value: Cities of Pasadena and South Pasadena…
From the chaptered text, September 30, 2026:
An act to amend Sections 54235, 54236, 54237, 54237.10, 54238, 54238.8, 54239.5, and 54239.6 of, and to add Section 54238.2 to, the Government Code, relating to surplus residential property, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately. surplus residential property, making an appropriation therefor, and declaring the urgency thereof, to take effect immediately Surplus residential property: condition-adjusted price of the fair market value: Cities of Pasadena and South Pasadena. (1) Existing law establishes priorities and procedures that any state agency disposing of surplus property is required to follow. Existing law requires the Department of Transportation to deposit proceeds from the sale of a surplus residential property from the department to a new owner into the SR-710 Rehabilitation Account. Existing law continuously appropriates the funds in the account to the department for the purpose of providing required repairs to certain surplus residential properties that are offered for sale, as provided. Existing law requires that the total funds maintained in the account not exceed a specified amount and that funds exceeding that amount, less any reimbursements due to the federal government, be transferred to the State Highway Account in the State Transportation Fund, to be used for allocation by the California Transportation Commission exclusively to fund projects located in specified cities and in the 90032 postal ZIP …