Chapter 2Land Bank Fund
Section § 8610
This California law establishes the Land Bank Fund in the State Treasury, which is used by a commission known as the Land Bank Trustee to carry out specific duties. Part of this fund is earmarked for the Martins Beach Subaccount.
Money from various public or private sources can go into this subaccount specifically to create a public access route to Martins Beach. These funds can pay for buying land or easements, conducting environmental studies, and improving or maintaining the access route. The commission can use up to $1,000,000 from general fund money to support this if needed.
The commission also has the authority to negotiate agreements to acquire the necessary lands. Money from the County of San Mateo can also be used for these purposes, and General Fund contributions must be tracked separately.
Section § 8611
This law section states that the commission is responsible for implementing the rules and policies outlined in this division.
Section § 8612
This law section allows a trustee to buy real estate or an interest in it to help settle title issues or to assist in meeting requirements for reducing environmental impact related to a project.
Section § 8612.5
This law allows a trustee to handle and enhance land to keep it open for the public, support wildlife habitats, and maintain areas where people can visit and enjoy nature.
Section § 8613
This law section explains how money in a specific fund can be used. The funds can be used to buy interests in certain coastal lands, including those that might be filled or converted to wetlands, if it's beneficial for public purposes. Additionally, money from this fund can be used to manage and improve these lands to provide open spaces, and habitats, and allow public access. Finally, the law allows the funds to be temporarily loaned to the state's General Fund, but they must earn interest, and such loans must not hinder the original purposes of the fund.
Section § 8614
When acquiring and managing real property, it must align with specific plans and regulations. This includes following the San Francisco Bay Plan, the Suisun Marsh Protection Plan, and any relevant local agency land use plans. These could involve port districts, regional parks, or recreation areas that have authority over the area where the property is located.
Section § 8615
This law requires that trustees carry out their duties only during a public meeting that is scheduled and open to the community. These meetings must follow specific regulations that apply to commission meetings. Additionally, trustees have the option to hold their meetings at the same time as commission meetings.
Section § 8616
This law clarifies that the rules in this division aren't the only ways for the commission to handle title disputes. It means the commission can also use land bank agreements or other methods to resolve or settle these disputes, alongside their existing legal responsibilities and authority.
Section § 8617
This law allows a trustee to accept gifts, which can be either real estate or money, specifically to support the objectives of this division.
Section § 8618
Every year by January 2, the trustee must create and submit a report to the Governor and the Legislature. This report should explain how close they are to meeting their goals, detail property acquisitions, and provide a financial statement of the fund.
The report to the Legislature must follow specific guidelines outlined in Section 9795 of the Government Code.