255.506 Facilities in pool.
210 words·~1 min read·
/fl/title-xviii/chapter-255/255-506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The following facilities shall be entered into the pool:
(1)All existing state-owned facilities under the jurisdiction of the Department of Management Services shall be entered into the pool upon the creation of the pool.
(2)Each facility the acquisition of which is financed under this act and which has not already been entered into the pool shall be entered into the pool upon the earlier of:
(a)The completion of such acquisition; or
(b)The commencement of accrual of rent for all or any portion of such facility.
(3)Any agency may submit all, but not less than all, of the eligible facilities under its jurisdiction for entry into the pool. Each of such eligible facilities which is determined by the Department of Management Services to be a qualified facility shall be entered into the pool upon such determination.
(4)Any agency which requests the issuance of obligations under this act for the financing of the acquisition of a facility shall submit all, but not less than all, of the eligible facilities under its jurisdiction for entry into the pool. Each of such eligible facilities which is determined by the Department of Management Services to be a qualified facility shall be entered into the pool upon such a determination.