HB 51: "An Act giving notice of and approving the entry into, and the issuance of certificates of participation for, a lease-purchase agreement for a seafood and food safety laboratory facility; and providing for an effective date."
00 HOUSE BILL NO. 51 01 "An Act giving notice of and approving the entry into, and the issuance of certificates of 02 participation for, a lease-purchase agreement for a seafood and food safety laboratory 03 facility; and providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 06 to read: 07 NOTICE AND APPROVAL OF THE ENTRY INTO AND FINANCING OF A 08 LEASE-PURCHASE AGREEMENT. The state bond committee is authorized to provide for 09 the issuance of certificates of participation for, and the Department of Administration is 10 authorized to enter into, a lease-purchase agreement for a seafood and food safety laboratory 11 facility to be constructed under the lease-purchase agreement and to be operated by the 12 Department of Environmental Conservation. The anticipated total construction, acquisition, 13 and other costs of the project are not to exceed $13,655,000. The total anticipated annual 14 amount of the rental obligation is $1,220,000. The total anticipated lease payments for the
01 full term of the lease-purchase agreement amount to $24,440,000. The state shall own the 02 facility at the end of the lease term. This section constitutes the notice and approval required 03 by AS 36.30.085. 04 * Sec. 2. This Act takes effect July 1, 2001.