Bill No.:         HB0071                                             Drafter: TH

LSO No.:       14LSO-0268                                     Effective Date: 7/1/2014

Enrolled Act No.:    HEA0016

Chapter No.:                        CH0054

Prime Sponsor:       Representative Stubson

Catch Title:              Leasing of equipment.

Subject:                     Clarifies leasing restrictions applied in the context of school facilities.

Summary/Major Elements:

· This bill clarifies the restrictions, placed on school districts in the context of leasing school facilities; do not apply to capital assets, such as copiers and other office equipment.

· The leasing restrictions are applicable to real property only.

· The language prior to amendment was subject to interpretation regarding its application to office equipment, such as copiers.