California § 5003.16 - Subject to subdivisions (b) to (f), inclusive, and notwithstanding the provisions
Full text of California Public Contract Code - PCC § 5003.16 — Subject to subdivisions (b) to (f), inclusive, and notwithstanding the provisions, with citation guidance and answers to common questions.
§ 5003.16. Subject to subdivisions (b) to (f), inclusive, and notwithstanding the provisions
(a) Subject to subdivisions (b) to (f), inclusive, and notwithstanding the provisions of Division 3 (commencing with Section 11000) of Title 2 of the Government Code that relate to the disposition of state-owned real property, with the approval of the Director of General Services, the director may exchange with or sell to the City of Sacramento for fair market value all or part of the following described property located in Old Sacramento State Historic Park that is part of the Old Sacramento Historic District in the City of Sacramento: (1) PARCEL 1: APN 009-0012-048 (Docks). (2) PARCEL 2: APN 009-0012-058 (Docks). (3) PARCEL 3: APN 009-0012-059 (Docks). (4) PARCEL 4: APN 002-0010-023 (Railyards Riverfront). (b) For the purpose of complying with the fair market value requirement of subdivision (a), the City of Sacramento shall be credited for any financial participation it contributes either toward a purchase by the state of a real property interest that benefits Old Sacramento State Historic Park, or in a development project by the state that benefits Old Sacramento State Historic Park, or both. For the purpose of this subdivision, any purchase by the state shall be made at fair market value, and any development by the state shall be valued at fair market value. (c) The transfer authorized in subdivision (a) shall require that the fair market value include consideration for any toxic remediation that needs to be performed on the parcels. (d) Proceeds from the transfer authorized in subdivision (a) shall be used to finance the departmentâs costs for negotiating the transfer and transferring the property. (e) Any net proceeds from the transfer authorized in subdivision (a) shall be deposited into the State Park Contingent Fund to be used for development or construction within Old Sacramento State Historic Park. (f) Before authorizing an exchange, sale, or transfer, the director shall secure an independent market valuation of the property authorized for transfer.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5003.16
What does Public Contract Code - PCC § 5003.16 cover?
Section 5003.16 ("Subject to subdivisions (b) to (f), inclusive, and notwithstanding the provisions") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5003.16?
A common citation format is "Public Contract Code - PCC § 5003.16" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5003.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.