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Lease-purchase Issuance For Capital Construction

Concerning the issuance of a lease-purchase agreement to fund the continuations of certain previously funded capital construction projects.
2020 Regular Session
State Government
Bill Summary

The act requires the state treasurer, on behalf of the state, to execute a lease-purchase agreement in an amount up to $65,500,000 plus reasonable and necessary costs to fund certain capital construction needs for state institutions of higher education that are continuations of previously funded projects as specified by the capital development committee. The capital development committee is required to post the list of specific projects and the cost of each project on its official website no later than August 15, 2020. The capital development committee is also required to specify in this list, in the event of any excess money as a result of the issuance, what any remainder money must be used for.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    07/14/2020 Signed Act PDF
    06/22/2020 Final Act PDF
    06/12/2020 Rerevised PDF
    06/11/2020 Revised PDF
    06/08/2020 Reengrossed PDF
    06/06/2020 Engrossed PDF
    06/05/2020 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details