1994-05-10                     House Journal                      Page 4300
SB 247                                                                       
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."                                              
                                                                               
                                                                               
A message dated May 9, 1994, was read stating the Senate has passed            
the following and it is transmitted for consideration:                         
                                                                               
                                                                               
                          FIRST READING AND REFERENCE                         
                             OF SENATE RESOLUTIONS                            
                                                                               
SCR 25                                                                       
SENATE CONCURRENT RESOLUTION NO. 25 by the Senate Rules                        
Committee:                                                                     
                                                                               
Suspending Uniform Rules 24(c), 35, 41(b), and 42(e) of the                   
Alaska State Legislature concerning House Bill No. 249, relating               
to electrical and mechanical administrators.                                   
                                                                               
was read the first time and is on today's calendar.