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Bill Detail: SB20-219

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Title Lease-purchase Issuance For Capital Construction
Status Governor Signed (07/14/2020)
Bill Subjects
  • State Government
House Sponsors A. Valdez (D)
J. Rich (R)
Senate Sponsors J. Sonnenberg (R)
R. Fields (D)
House Committee Finance
Senate Committee Appropriations
Date Introduced 06/05/2020
Description

Capital Development Committee. The bill 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.

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