00HOUSE BILL NO. 529                                                                                                      
01 "An Act giving notice of and approving the entry into, and the issuance of                                              
02 certificates of participation in, a lease-purchase agreement for a centralized public                                   
03 health laboratory."                                                                                                     
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  NOTICE AND APPROVAL OF THE ENTRY INTO AND FINANCING OF                                                 
06 A LEASE-PURCHASE AGREEMENT.  The state bond committee is authorized to issue                                            
07 certificates of participation for, and the Department of Health and Social Services is authorized                       
08 to enter into, a lease-purchase agreement for a centralized public health facility to be                                
09 constructed under the lease-purchase agreement.  The anticipated total construction,                                    
10 acquisition, and other costs of the project are not to exceed $19,200,000.  The total anticipated                       
11 annual amount of the rental obligation is $3,100,000.  The total anticipated lease payments for                         
12 the full term of the lease-purchase agreement amount to $23,500,000.  The state shall own the                           
13 facility at the end of the lease term.  This section constitutes the notice and approval required                       
14 by AS 36.30.085.