1994-07-15                     Senate Journal                      Page 4802
SB 247                                                                       
Message of June 6 was received, stating the Governor signed the                
following bill and transmitted the engrossed and enrolled copies to            
the Lieutenant Governor's Office for permanent filing:                         
                                                                               
HOUSE CS FOR CS FOR SENATE BILL NO. 247(FIN) am H                              
"An Act making subject to prior legislative approval contracts                 
entered into or renewed by the executive branch of state government,           
the legislative council, the Alaska Court System, and, with certain            
exceptions, the University of Alaska for the lease of real property if         
the lease has an annual rent payable that is anticipated to exceed             
$500,000 or has total payments that exceed $2,500,000 for the term             
of the lease, including any renewal options that are defined in the            
lease; prohibiting these entities from entering into or renewing a             
lease of real property if any or all renewal periods in the lease              
exceed the original term of the lease; making subject to prior                 
legislative approval lease-purchase agreements that may be entered             
into by these entities to acquire real property, other than                    
lease-purchase agreements to refinance outstanding balances on                 
existing lease-purchase agreements and lease-purchase agreements               
secured by University of Alaska student fees and university receipts;          
authorizing these entities to enter into lease-purchase agreements only        
in the capacity of lessee under the proposed lease-purchase                    
agreement; defining procedures that these entities must follow when            
considering whether or not to enter into lease-purchase agreements,            
setting limits on the duration of these agreements; and providing              
definitions for applicable terms; and providing for an effective date."        
                                                                               
		Chapter 75, SLA 1994                                                         
		Effective Date: 6/7/94                                                       
                                                                               
SB 342                                                                       
Message of June 6 was received, stating the Governor signed the                
following bill and transmitted the engrossed and enrolled copies to            
the Lieutenant Governor's Office for permanent filing:                         
                                                                               
HOUSE CS FOR CS FOR SENATE BILL NO.                                           
342(STA)                                                                       
"An Act relating to risk based capital for insurers;                          
and providing for an effective date."