AB 982 Update – During the 2011 legislative session, the Legislature passed and Governor Brown signed Assembly Bill 982 which requires State Lands Commission staff, with the cooperation of the Department of the Interior, to enter into a memorandum of agreement concerning land exchanges in the desert areas of southern California.
School Lands Commission generated $9.6 million in revenue for CalSTRS, a 37 percent increase from the previous year.
One of the major purposes of the agreement is to facilitate land exchanges between the SLC and the Bureau of Land Management that will enhance opportunities for the development of renewable energy projects on school lands. This law went into effect on January 1, 2012.
The SLC and the BLM have already executed the memorandum of agreement required by this legislation and SLC submitted a land exchange proposal to the BLM on January 15, 2013. BLM sent over their proposal to the SLC on July 3 and the lands that were offered in that letter were revised on September 27.
SLC and BLM are now working on prioritizing the offered lands. BLM will then ask for an “in-house” valuation so that relative values of the properties owned by each agency can be obtained. Barring unforeseen challenges or roadblocks, the exchange transaction could take place as early as 2015.