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AB-2329 • 2026

Surplus residential property: condition-adjusted fair market value: City of South Pasadena.

Surplus residential property: condition-adjusted fair market value: City of South Pasadena.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Fong
Last action
2026-04-23
Official status
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22). Re-referred to Com. on APPR.
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about how to calculate fair market value or what adjustments should be made.

Condition-Adjusted Fair Market Value for Surplus Residential Property in South Pasadena

This law sets rules for finding the fair market value of extra residential property in South Pasadena, taking into account the condition of the buildings.

What This Bill Does

  • Sets rules for determining the fair market value of surplus residential properties in South Pasadena.

Who It Names or Affects

  • The City of South Pasadena

Terms To Know

Surplus Residential Property
Extra homes or buildings that the city owns and is not using.
Condition-Adjusted Fair Market Value
The value of a property based on its current condition, including needed repairs or improvements.

Limits and Unknowns

  • Does not specify how to calculate the exact fair market value.
  • Does not provide details about what specific adjustments should be made for the property's condition.

Bill History

  1. 2026-04-23 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22). Re-referred to Com. on APPR.

  2. 2026-04-23 California Legislative Information

    Coauthors revised.

  3. 2026-04-14 California Legislative Information

    Re-referred to Com. on H. & C.D.

  4. 2026-04-13 California Legislative Information

    From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

  5. 2026-03-16 California Legislative Information

    Referred to Com. on H. & C.D.

  6. 2026-02-20 California Legislative Information

    From printer. May be heard in committee March 22.

  7. 2026-02-19 California Legislative Information

    Read first time. To print.

Official Summary Text

Surplus residential property: condition-adjusted fair market value: City of South Pasadena.

Current Bill Text

Read the full stored bill text 
Download Bill PDF