63B-23-301. Lease-purchase authorizations.
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Effective 5/13/2014
63B-23-301. Lease-purchase authorizations.
The Legislature intends that:
(1)the Mountainland Applied Technology Campus of the Utah College of Applied Technology, subject to requirements in Title 63A, Chapter 5b, Administration of State Facilities , use up to $10,683,000 of existing and institutional funds to enter into a lease-purchase agreement to plan, design, and construct a Technology Trades Building for the Mountainland Applied Technology College at the Lehi Campus with up to 40,500 square feet; and
(2)the college may not request state funds for operation and maintenance costs or capital improvements during the term of the lease-purchase agreement.
Enacted by Chapter 113 , 2014 General Session