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1995 SESSION

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HB 2347 Sale or lease of surplus state property.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY:

Department of General Services; Division of Engineering and Buildings; sale or lease of surplus state property. Strikes the current Code provision that requires 50 percent of the proceeds from the sale or lease of surplus state property to be placed into the Conservation Resources Fund and 50 percent into the general fund of the Commonwealth. The bill distributes the proceeds from the sale or lease of surplus property as follows: 25 percent to the Conservation Resources Fund, 25 percent to higher education, 25 percent to human resources institutions and 25 percent to the general fund. The bill excludes proceeds derived from the sale of Camp Pendleton.


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