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Enrolled HB 419: Relating to state lease-purchases of equipment and other personal property; and providing for an effective date.

00Enrolled HB 419 01 Relating to state lease-purchases of equipment and other personal property; and providing for 02 an effective date. 03 _______________ 04 * Section 1. AS 36.30.085(a) is amended to read: 05 (a) To perform its duties and statutory functions, the department, the Board of 06 Regents of the University of Alaska, the legislative council, or the supreme court may 07 enter into lease-purchase agreements for real property. The department, the Board of 08 Regents, the legislative council, or the supreme court may enter into a lease-purchase 09 agreement only if the department, the Board of Regents, the legislative council, or the 10 supreme court is the lessee under the agreement. 11 * Sec. 2. AS 36.30 is amended by adding a new section to article 1 to read: 12 Sec. 36.30.086. Lease-purchase of personal property. (a) To perform its 13 duties and statutory functions, an agency, the Board of Regents of the University of 14 Alaska, the legislative council, the Legislative Budget and Audit Committee, the

01 office of victims' rights, the office of the ombudsman, or the supreme court may enter 02 into lease-purchase agreements for the acquisition of equipment or other personal 03 property. The government entity is the lessee under the agreement. 04 (b) If a government entity enters into a lease-purchase agreement under (a) of 05 this section that exceeds $100,000 in payments by the state, the government entity 06 shall provide notice to the presiding officers and finance committee chairs of the house 07 and senate. The notice must describe the property that is the subject of the agreement 08 and must set out the terms of the lease-purchase. 09 * Sec. 3. AS 37.07.040 is amended to read: 10 Sec. 37.07.040. Office of management and budget. The Alaska office of 11 management and budget shall 12 (1) assist the governor in the preparation and explanation of the 13 proposed comprehensive program and financial plan, including the coordination and 14 analysis of state agency goals and objectives, plans, and budget requests; 15 (2) prepare for submission to the governor an annually updated six- 16 year capital improvements program and the proposed capital improvements budget for 17 the coming fiscal year, the latter to include individual project justification with 18 documentation of estimated project cost; 19 (3) develop procedures to produce the information needed for effective 20 policy decision making, including procedures to provide for the dissemination of 21 information about plans, programs, and budget requests to be included in the annual 22 budget and opportunity for public review and comment during the period of budget 23 preparation; 24 (4) assist state agencies in their statement of goals and objectives to 25 achieve, among other things, the legislature's mission and desired results, preparation 26 of plans, assessments of the extent to which missions and desired results have been 27 achieved, budget requests, and reporting of program performance; all documents 28 forwarded by the office to a state agency containing instructions for the preparation of 29 program plans and budget requests and the reporting of program performance are 30 public information after the date they are forwarded; 31 (5) administer its responsibilities under the program execution

01 provisions of this chapter so that the policy decisions and budget determinations of the 02 governor and the legislature are implemented; 03 (6) provide the legislative finance division with the budget information 04 it may request; 05 (7) provide the legislative finance division with an advance copy of the 06 governor's budget workbooks at least seven days before the legislature convenes in a 07 regular session; 08 (8) prepare the proposed capital improvements budget for the coming 09 fiscal year evaluating both state and local requests from the standpoint of need, equity, 10 and priorities of the jurisdiction; other factors such as project amounts, population, 11 local financial match, federal funds being used for local match, municipality or 12 unincorporated community acceptance of the facility, and all associated costs of the 13 facility may be considered; 14 (9) for each department in the executive branch, report to the 15 legislature by the 45th day of each regular session the amount of money appropriated 16 to the department that is expected to lapse into the general fund at the end of the 17 current fiscal year; 18 (10) establish and administer a state agency program performance 19 management system involving planning, performance budgeting, performance 20 measurement, and program evaluation; the office shall ensure that information 21 generated under this system is useful for managing and improving the efficiency and 22 effectiveness of agency operations; 23 (11) by January 15, list each lease-purchase agreement entered 24 into by an agency during the immediately preceding fiscal year for the 25 acquisition of equipment or other personal property, together with a description 26 of the property acquired and financial details, including the purchase price, the 27 term for payments, the amount of each payment, and the amount of interest or 28 financing charges paid. 29 * Sec. 4. This Act takes effect July 1, 2008.