(a) To perform its duties and statutory functions, an agency, the Board of Regents of the University of Alaska, the legislative council, the Legislative Budget and Audit Committee, the office of victims' rights, the office of the ombudsman, or the supreme court may enter into lease-purchase agreements for the acquisition of equipment or other personal property. The government entity is the lessee under the agreement.
(b) If a government entity enters into a lease-purchase agreement under (a) of this section that exceeds $100,000 in payments by the state, the government entity shall provide notice to the presiding officers and finance committee chairs of the house and senate. The notice must describe the property that is the subject of the agreement and must set out the terms of the lease-purchase.
Section: Previous 36.30.010 36.30.015 36.30.020 36.30.030 36.30.040 36.30.050 36.30.060 36.30.070 36.30.080 36.30.083 36.30.085 36.30.086 36.30.090 36.30.095 NextLast modified: November 15, 2016