Bill Text: OH SB197 | 2011-2012 | 129th General Assembly | Introduced
Bill Title: To authorize a board of county commissioners of any county to enter into agreements for the sale and leaseback of county buildings.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2011-07-12 - To Finance [SB197 Detail]
Download: Ohio-2011-SB197-Introduced.html
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Senator Wagoner
Cosponsors:
Senators Beagle, Seitz
To enact section 307.093 of the Revised Code to | 1 |
authorize a board of county commissioners of any | 2 |
county to enter into agreements for the sale and | 3 |
leaseback of county buildings. | 4 |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 307.093 of the Revised Code be | 5 |
enacted to read as follows: | 6 |
Sec. 307.093. A board of county commissioners may enter into | 7 |
a sale and leaseback agreement under which the board agrees to | 8 |
convey a county-owned building to a purchaser who is obligated, | 9 |
immediately upon closing, to lease the building back to the board. | 10 |
The sale and leaseback agreement shall obligate the lessor to make | 11 |
improvements to the building, including renovations, energy | 12 |
conservation measures, and other measures that are necessary to | 13 |
improve the functionality and reduce the operating costs of the | 14 |
building. | 15 |
The authority granted by this section is not subject to the | 16 |
limitations imposed by sections 307.02 and 307.09 of the Revised | 17 |
Code. | 18 |