HB 183: "An Act extending the requirements of preliminary evaluation, notice, and prior legislative approval of certain lease-purchase agreements to include proposed improvements to real property; and providing for an effective date."
00HOUSE BILL NO. 183 01 "An Act extending the requirements of preliminary evaluation, notice, and prior 02 legislative approval of certain lease-purchase agreements to include proposed 03 improvements to real property; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 36.30.085(b) is amended to read: 06 (b) When evaluating proposals to acquire or improve real property under a 07 lease-purchase agreement, the department, the Board of Regents, the legislative 08 council, or the supreme court shall consider 09 (1) in addition to lease costs, the life cycle costs, function, indoor 10 environment, public convenience, planning, design, appearance, and location of the real 11 property proposed for acquisition or improvement; and 12 (2) whether acquisition or improvement of the real property by lease-purchase agreement is likely to be the 13 least costly means to provide the space. 14 * Sec. 2. AS 36.30.085(e) is amended to read:
01 (e) The department, the Board of Regents, the legislative council, or the 02 supreme court may not enter into a lease-purchase agreement to acquire or improve 03 real property unless the agreement has been approved by the legislature by law. 04 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).