CSHB 545(L&C): "An Act relating to time extensions under the State Procurement Code for real property leases; and providing for an effective date."
00 CS FOR HOUSE BILL NO. 545(L&C) 01 "An Act relating to time extensions under the State Procurement Code for real property 02 leases; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 36.30.083 is repealed and reenacted to read: 05 Sec. 36.30.083. Lease extensions authorized. (a) Notwithstanding any other 06 provision of this chapter, the department, the Board of Regents of the University of 07 Alaska, the legislative council, or the court system may extend a real property lease 08 that is entered into under this chapter for up to 10 years if a minimum cost savings of 09 at least 10 percent below the market rental value of the real property at the time of the 10 extension would be achieved on the rent due under the lease. The market rental value 11 must be established by a real estate broker's opinion of the rental value or by an 12 appraisal of the rental value. 13 (b) The department, the University of Alaska, the court system, and the 14 Legislative Affairs Agency shall submit individually an annual report to the
01 Legislative Budget and Audit Committee detailing the leases extended and the cost 02 savings achieved by that entity under (a) of this section. The reports are due 03 August 31 of each year. 04 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 05 read: 06 APPLICABILITY. Notwithstanding the changes made by sec. 1 of this Act, the state 07 agencies affected by this Act may continue to act on or consider a provision of a solicitation, 08 notice of intent to award, or response to solicitation made before the effective date of sec. 1 of 09 this Act, to the extent that the provision is not inconsistent with a provision of sec. 1 of this 10 Act. 11 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 12 read: 13 FIRST LEASE EXTENSION REPORT. Notwithstanding AS 36.30.083(b), as 14 repealed and reenacted by sec. 1 of this Act, the first lease extension report under 15 AS 36.30.083(b) is due August 31, 2005, and must cover fiscal year 2005. 16 * Sec. 4. This Act takes effect immediately under AS 01.10.070(c).