Chapter 4Rights-of-Way
Section § 185040
This law gives the authority the power to sell or exchange state-owned real estate initially acquired for high-speed rail projects if it's no longer needed. They must notify previous owners by mail and wait 30 days before selling. Sales can be made to neighboring property owners under specific conditions, like preventing improper land use or granting necessary access to highways. These sales can involve contracts with terms up to 10 years and require a 30% downpayment. Authorities can also directly sell to municipalities for public use. Former owners and long-term tenants have a chance to purchase if they've met rent obligations. The state can exchange property as long as the trades are even in value or with only minor differences. Most sales should be through bidding or auctions to get the best price, unless exceptions apply. Revenue from sales goes into the High-Speed Rail Property Fund for future use.
Section § 185041
This law allows the authority to sell or lease extra land, called right-of-way parcels, to cities or local government agencies for public use. In return, instead of just money, the authority can accept significant benefits, like the city taking care of maintenance or landscaping, which the state would usually have to pay for.
Section § 185042
This law allows the authority to lease unused railway land to cities or local agencies for public projects like parks, and can help pay for these projects. In return, the state can consider the savings on maintenance or landscaping as payment. However, if the land is needed later for high-speed rail, the lease will end. The authority can decide which sections of rail land are nonoperating and available for lease.
Section § 185044
This law allows the authority to lease areas above or below, and portions of property not used by, high-speed railways to public or private entities, as long as the lease does not exceed 99 years. The authority must ensure that these leases are safe and do not conflict with local zoning laws. Private leases must go through competitive bidding. Any revenue from these leases is placed into a fund for high-speed rail property improvements.
Section § 185045
This law establishes the High-Speed Rail Property Fund in California's State Treasury. It collects money from the sale, lease, or other use of real estate owned by the High-Speed Rail Authority. This money can be used, once approved by the Legislature, for developing and maintaining the high-speed rail system in line with the rules for each funding source.