00HOUSE BILL NO. 66                                                                                                       
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 facility."                                                                                            
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 Administration is authorized to enter                          
08 into, a lease-purchase agreement for a centralized public health laboratory facility to be                              
09 constructed under the lease-purchase agreement and to be operated by the Department of                                  
10 Health and Social Services.  The anticipated total construction, acquisition, and other costs of                        
11 the project are not to exceed $18,440,000.  The total anticipated annual amount of the rental                           
12 obligation is $2,420,000.  The total anticipated lease payments for the full term of the lease-                         
13 purchase agreement amount to $24,130,000.  The state shall own the facility at the end of the                           
14 lease term.  This section constitutes the notice and approval required by AS 36.30.085.