SB 380: "An Act relating to the extension under the State Procurement Code of terms for leases for real estate and certain terms for certain state contracts for goods and services; and providing for an effective date."
00 SENATE BILL NO. 380 01 "An Act relating to the extension under the State Procurement Code of terms for leases 02 for real estate and certain terms for certain state contracts for goods and services; and 03 providing for an effective date." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. AS 36.30 is amended by adding a new section to read: 06 Sec. 36.30.086. Lease and contract extensions authorized. (a) 07 Notwithstanding any other provision of this chapter, the department, the Board of 08 Regents of the University of Alaska, the legislative council, or the court system may 09 extend 10 (1) a real property lease that is entered into under this chapter for up to 11 a maximum extension of 10 years if a minimum cost savings of at least 5 percent 12 below the prevailing market rates at the time of the extension can be achieved on the 13 rent due under the lease; or 14 (2) a contract for goods or services that is entered into under this
01 chapter for up to a maximum extension of five years if a minimum cost savings of at 02 least 5 percent can be achieved on the price of the goods or services established in the 03 contract. 04 (b) The department, the University of Alaska, the court system, and the 05 Legislative Affairs Agency shall submit individually an annual report to the 06 Legislative Budget and Audit Committee detailing the leases and contracts for goods 07 or services extended and the costs savings achieved by that entity under (a) of this 08 section. Reports are due August 31 of each year. 09 * Sec. 2. AS 36.30.083 is repealed. 10 * Sec. 3. The uncodified law of the State of Alaska is amended by adding a new section to 11 read: 12 APPLICABILITY. Notwithstanding the changes made by secs. 1 and 2 of this Act, 13 the state agencies affected by this Act may continue to act on or consider a provision of a 14 solicitation, notice of intent to award, or response to solicitation made before the effective 15 date of secs. 1 and 2 of this Act, to the extent that the provision is not inconsistent with a 16 provision of secs. 1 and 2 of this Act. 17 * Sec. 4. The uncodified law of the State of Alaska is amended by adding a new section to 18 read: 19 FIRST LEASE EXTENSION REPORT. Notwithstanding AS 36.30.086(b), enacted 20 by sec. 1 of this Act, the first lease extension report under AS 36.30.086(b) is due August 31, 21 2005, and must cover fiscal year 2005. 22 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).