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2008 Session

Budget Amendments - HB30 (Conference Report)

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4-3.03 a.3. - Local Lease Guidelines (language only)

Item 4-3.03 #1c

Item 4-3.03 #1c

Debt
Capital Leases

Language
Page 509, after line 27, insert:
"3.  Not later than October 1, 2008, the Secretary of Administration and the Secretary of Finance shall develop procedures that guide state agencies in the development 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.  To the extent such guidelines have been developed by the Secretary of Administration and the Secretary of Finance, the guidelines shall be reported to the Chairmen of the House Appropriations and Senate Finance Committees."


Explanation
(This amendment restores language within the General Provisions that was deleted in the Governor's introduced budget. In addition, the amendment changes the date for the development of guidelines for use by state agencies when leasing office space owned by localities and, to the extent any such guidelines exist, requires that those guidelines be reported to the Chairmen of the House Appropriations and Senate Finance Committees.)