Notwithstanding Section 14616, the director may exempt from the directorâs approval, or from the approval of the department, any state real estate acquisition or conveyance involving not more than seven hundred fifty thousand dollars ($750,000) for which approval is required by statute whenever, in the directorâs judgment, the state agency delegated that authority has the necessary real estate expertise and experience to complete the transaction competently and professionally while protecting the best interests of the state. Written notice of exemptions shall be given to the Controller.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.