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Press Release - May 12, 2004

Governor Schwarzenegger Issues Executive Order Outlining Asset Management Strategy

FOR IMMEDIATE RELEASE
May 12, 2004

Sacramento Reflecting his commitment to get California’s fiscal house in order, Governor Arnold Schwarzenegger today issued an Executive Order directing his administration to implement a statewide asset management strategy.

Under the Executive Order, the California Performance Review in conjunction with the State and Consumer Services Agency and the Department of General Services will develop specific reform proposals to efficiently manage California’s core real property assets. State agencies within the Executive Branch will be required to catalogue their real property holdings and evaluate their nexus to service delivery.

" This is a strategy that will lead to the effective tracking and management of California's assets," said State and Consumer Services Agency Secretary Fred Aguiar. "Without this first step of mandatory data collection, we are only guessing about the state's holdings - whether it's property that is essential to state operations or simply property that has been held without critical analysis since its acquisition."

The California Performance Review will have the immediate task of identifying potentially high-value, urban properties which may be underutilized or may not reflect their highest and best use.

Today’s action will provide both the Governor and the Legislature with the information necessary to make strategic management decisions for the benefit of all Californians, said Billy Hamilton, Executive Director of the California Performance Review.

While the provisions of the Executive Order do not apply to the legislative and judicial branches of government, or California’s constitutional officers, Governor Schwarzenegger has invited these branches of government and the constitutional officers to participate in this important effort.

 

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