WEBINAR: Surplus Property

To Sell or Not to Sell - Considering Surplus Property in Tough Budget Times

Hosted by F3 Law, FCMAT and CASBO
Date of live webcast: Wednesday, June 17, 2020


Micheal Fine, CEO, Fiscal Crisis & Management Assistance Team 
Kelley Owen
s, Partner, F3 Law

Due to the deep decline in California's economic conditions as a result of the COVID-19 pandemic, districts face steep budget cuts, with potentially devastating effects on school programs and staffing levels.

In response to this, the 2020-21 state budget provides flexibility for districts to use proceeds from the sale and lease of surplus property for General Fund purposes

We invite you to view our webinar, offered at no cost. Our presenters discuss key considerations, including:

  • Legal requirements and best practices for deciding when and how to sell
  • Restrictions and considerations for use of proceeds of sale of property
  • What you should do to assess potential sale, such as creating an inventory of current property, examining enrollment projections and considering community opinion on the sale of district sites

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