The document outlines California's Asset Management Plan which identifies three categories of state-owned properties: surplus properties that are no longer used, underutilized properties where usage could be maximized, and high-value properties where equity could be gained through refinancing or sale. Specific examples are provided for each category, including schools, state facilities, office buildings, and fairgrounds. The plan aims to generate billions for the General Fund by disposing of surplus properties, establishing long-term leases on underutilized land, and refinancing or selling high-value buildings and assets over multiple years.

1. Asset Management Plan