California Public Resources Code 7301 – The commission may, in the best interest of the state, sell school …
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The commission may, in the best interest of the state, sell school lands. The commission may pay from the School Land Bank Fund, created pursuant to Section 8711, the typical costs and expenses attributable to a sale of school lands, such as escrow or other third-party costs, when it is in the best interest of the state to do so.
(Repealed and added by Stats. 2020, Ch. 311, Sec. 4. (SB 1472) Effective January 1, 2021.)
Terms Used In California Public Resources Code 7301
- Escrow: Money given to a third party to be held for payment until certain conditions are met.