2006 Special Session I

Budget Amendments - HB5002 (Committee Approved)

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Leases (language only)

Item 4-3.03 #1h

Item 4-3.03 #1h

Capital Leases

Page 498, after line 5, insert:
"3. Not later than October 1, 2006, the Secretary of Administration and the Secretary of Finance shall develop procedures that guide state agencies in the developing of lease agreements for space owned by local governments or political subdivisions such that the lease agreements do not impact the state's debt capacity."

(This amendment is self-explanatory.)