HB 419: "An Act prohibiting certain state leases and lease-purchase agreements for equipment and other personal property; and providing for an effective date."
00 HOUSE BILL NO. 419 01 "An Act prohibiting certain state leases and lease-purchase agreements for equipment 02 and other personal property; and providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 36.30.080 is amended by adding a new subsection to read: 05 (g) The department, the Board of Regents, the legislative council, or the court 06 system may not lease equipment or other personal property. 07 * Sec. 2. AS 36.30.085(a) is amended to read: 08 (a) To perform its duties and statutory functions, the department, the Board of 09 Regents of the University of Alaska, the legislative council, or the supreme court may 10 enter into lease-purchase agreements for acquisition or improvement of real 11 property. The department, the Board of Regents, the legislative council, or the 12 supreme court may enter into a lease-purchase agreement only if the department, the 13 Board of Regents, the legislative council, or the supreme court is the lessee under the 14 agreement. The department, the Board of Regents, the legislative council, or the
01 supreme court may not enter into a lease-purchase agreement for equipment or 02 other personal property. 03 * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).