§ 1375.Power of Controller to Sell Or Lease Real Property At Private Sale

Not every disposal of real property has to go through the newspaper-notice, public-auction process Section 1373 lays out. Section 1375 gives the Controller a second path: any real property may be sold or leased at private sale, and without published notice at all.

That private-sale option gives the Controller flexibility to match the disposal method to the property. A public auction with newspaper notice makes sense for property expected to draw a competitive bidding field, while a private sale can move more quickly, or reach a buyer better suited to a particular parcel, without the state incurring the delay or expense of publication. The two sections work as alternatives, not a mandatory sequence -- the Controller chooses whichever approach suits the property at hand.