Upon dissolution, the right, title, and interest to any property owned or controlled by the district that was acquired by the district from the Golden Gate Bridge, Highway and Transportation District shall be returned to the Golden Gate Bridge, Highway and Transportation District or disposed of as designated by the Golden Gate Bridge, Highway and Transportation District. It is the intent of the Legislature that any remaining property continue to be held in public ownership. A joint powers agency, members of which may include the Counties of Marin and Sonoma and the Golden Gate Bridge,

Highway and Transportation District, may be formed to hold title to the remaining district property. If a joint powers agency cannot be formed, the district, in consultation with the Counties of Humboldt, Marin, Mendocino, and Sonoma, and the Golden Gate Bridge, Highway and Transportation District, shall make a recommendation to the Legislature regarding an appropriate disposition of the property.