BILL NUMBER: SB 948INTRODUCED BILL TEXT INTRODUCED BY Senator Wyland (Principal coauthor: Senator Denham) FEBRUARY 4, 2010 An act relating to state property. LEGISLATIVE COUNSEL'S DIGEST SB 948, as introduced, Wyland. state property. Existing law requires the Department of General Services to maintain an inventory of real property held by the state, and prescribes the disposition of surplus state property. This bill would declare the intent of the Legislature to enact legislation that would require the department identify $1,000,000,000 worth of state property that can be sold immediately to help close the state's budget deficit, and that would require state agencies and departments that may be affected by the sale of land or structures to determine the costs and benefits of leasing back their existing space or finding new space. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. (a) It is the intent of the Legislature to enact legislation that would require the Department of General Services to identify one billion dollars ($1,000,000,000) worth of state property, including, but not limited to, land and structures, that can be sold immediately for the purpose of providing additional funds to assist in closing the state's budget deficit. (b) It is the further intent of the Legislature to enact legislation that would require state agencies and departments that may be affected by the sale of land or structures that they inhabit to determine the costs and benefits of leasing back their existing space or finding new, more cost-effective space in which to conduct business.