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SENATE CONCURRENT RESOLUTION NO. 133

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Daily Data Tracking History

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SCR133.....................................................by STATE AFFAIRS
ADMINISTRATION DEPARTMENT - Stating findings of the Legislature and
authorizing the Department of Administration to acquire state buildings and
facilities through the State Building Authority under certain
circumstances.

03/02    Senate intro - 1st rdg - to printing
03/03    Rpt prt - to 10th Ord
03/04    10th ord - ADOPTED - voice vote
    Title apvd - to House
03/05    House intro - 1st rdg - to St Aff
03/18    Rpt out - rec d/p - to 2nd rdg
03/19    2nd rdg - to 3rd rdg
    Ret'd to St Aff

Bill Text

SCR133


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fifth Legislature                 First Regular Session - 1999
                                                                        

                                      IN THE SENATE

                           SENATE CONCURRENT RESOLUTION NO. 133

                                BY STATE AFFAIRS COMMITTEE

 1                               A CONCURRENT RESOLUTION
 2    STATING LEGISLATIVE FINDINGS AND AUTHORIZING AND DIRECTING THE  DEPARTMENT  OF
 3        ADMINISTRATION TO ACQUIRE STATE BUILDINGS AND FACILITIES THROUGH THE STATE
 4        BUILDING AUTHORITY UNDER CERTAIN PARAMETERS.

 5    Be It Resolved by the Legislature of the State of Idaho:

 6        WHEREAS,  the Legislature finds that while interest rates are volatile and
 7    are escalating they are very favorable presently for the issuance of bonds  by
 8    the  State Building Authority for the financing of certain state buildings and
 9    facilities; and
10        WHEREAS,  the  Department  of  Administration  is  authorized  by  Section
11    67-5708, Idaho Code, to enter into leases with the  State  Building  Authority
12    for  facilities  for state use when the facility is authorized by a concurrent
13    resolution; and
14        WHEREAS, several leases of state buildings and facilities are at  a  point
15    where  it appears to make economic sense to have the Department of Administra-
16    tion enter into an arrangement with the State Building Authority  to  purchase
17    the   building  or  facility,  including  appropriate  facility  refurbishment
18    reserves, and lease it back to the state or to have the State Building Author-
19    ity build or purchase a facility and lease it back to the state.
20        NOW, THEREFORE, BE IT RESOLVED by the members of the First Regular Session
21    of the Fifty-fifth Idaho Legislature, the Senate and the House of  Representa-
22    tives  concurring therein, that we hereby authorize the Department of Adminis-
23    tration to identify which leases of state buildings or facilities  would  pro-
24    duce  significant  long-term  savings of taxpayer dollars if canceled and  the
25    State Building Authority either purchased the building or facility or provided
26    another building or facility for the state agency.
27        BE IT FURTHER RESOLVED that during the interim between regular legislative
28    sessions, with the approval of the State Board of Examiners with the President
29    Pro Tempore of the Senate and the Speaker of the House of Representatives con-
30    curring therein, the Department of Administration shall proceed to enter  into
31    agreements with the State Building Authority for those facilities wherein sig-
32    nificant taxpayer savings are available.
33        BE  IT FURTHER RESOLVED that the Department of Administration shall make a
34    report to the Second Regular Session  of  the  Fifty-fifth  Idaho  Legislature
35    regarding  the action it has taken regarding building and facilities addressed
36    by this resolution.

Statement of Purpose / Fiscal Impact

                       STATEMENT OF PURPOSE

                             RS 09174

This concurrent resolution gives direction to the Department of
Administration (DOA) to proceed in identifying opportunities to
save significant long-term lease costs on state occupied
facilities by leasing from the Idaho State Building Authority.

Interest rates are at a low that hasn't existed for decades. In
an inflationary economy, such rates are likely to rise. This
legislation gives flexibility to the DOA, so they may move
promptly on opportunities in order to save significant taxpayer
dollars if approved by the Board of Examiners, with the Senate
President, Pro Tempore and the Speaker of the House concurring
therein, during the interim between regular legislative sessions.

                                 
                                 
                            FISCAL NOTE

Significant long-term savings will result on all leases approved.
Obtaining significant savings is the basis for approving the ISBA
lease option. Short-term savings could be up to 10% of current
lease costs. Long-term, the savings could run into hundreds of
millions of dollars.











CONTACT: Senator Hal Bunderson
          332-1000
          
STATEMENT OF PURPOSE/ EISCAL NOTE    SCR133