Bill Text: GA SR84 | 2011-2012 | Regular Session | Enrolled

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: General Assembly; authorize state entities to enter into multiyear rental agreements; procedures, conditions, and limitations-CA

Status: (Passed) 2012-05-03 - Act 761 [SR84 Detail]

Download: Georgia-2011-SR84-Enrolled.html
11 LC 35 2016
Senate Resolution 84
By: Senators Carter of the 1st, Jackson of the 24th, Staton of the 18th, Rogers of the 21st, Williams of the 19th and others

ADOPTED SENATE

A RESOLUTION


Proposing an amendment to the Constitution so as to authorize the General Assembly to allow state entities to enter into multiyear rental agreements without obligating present funds for the full obligation to the state under the full term of such agreements; to provide for procedures, conditions, and limitations; to provide for the submission of this amendment for ratification or rejection; and for other purposes.

BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:

SECTION 1.
Article VII, Section IV of the Constitution is amended by adding a new Paragraph to read as follows:
"Paragraph XIII. Multiyear rental agreements. The General Assembly may by general law authorize the State Properties Commission and the Board of Regents of the University System of Georgia to enter into rental agreements for the possession and use of real property without obligating present funds for the full amount of obligation the state may bear under the full term of any such rental agreement. Any such agreement shall provide for the termination of the agreement in the event of insufficient funds and shall limit the payments or other obligations of the state to not more than ten fiscal years, or, in the case of a sale leaseback, to not more than 20 fiscal years. For the purposes of calculating fiscal years, any portion of a fiscal year shall count as a complete fiscal year."

SECTION 2.
The above proposed amendment to the Constitution shall be published and submitted as provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the above proposed amendment shall have written or printed thereon the following:
"(  )  YES

(  )  NO

Shall the Constitution of Georgia be amended so as to provide for a reduction in the state's operating costs by authorizing the General Assembly to provide for the State Properties Commission and the Board of Regents of the University System of Georgia to enter into multiyear rental agreements?"
All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes." All persons desiring to vote against ratifying the proposed amendment shall vote "No." If such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall become a part of the Constitution of this state.
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