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MI HCR0053
Concurrent Resolution
Status
5/8/2012
Primary Sponsor
Eileen Kowall
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AI Summary
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Approves a lease agreement between the State of Michigan and the State Building Authority for capital maintenance improvements to state facilities under the Department of Technology, Management and Budget.
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Sets total facility cost at $1,702,000 financed entirely through State Building Authority bonds, with no General Fund expenditure required.
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Establishes annual "True Rental" payments between $135,000 and $171,000, subject to certification by an appraiser and approval by the State Administrative Board.
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Authorizes the Governor and Secretary of State to execute the lease and requires the Legislature to appropriate sufficient annual funds to cover rental obligations.
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Requires a record roll call vote in compliance with MCL 830.417 and mandates the resolution be transmitted to the Governor, Secretary of State, State Building Authority, and State Budget Director.
Legislative Description
A concurrent resolution approving a lease between the State of Michigan and the State Building Authority relative to the Department of Technology, Management and Budget State Facility Preservation Projects-Phase I and III Group P State Surplus Facility Special Maintenance (the "Facility").
State Building Authority
Last Action
Adopted By Senate - Referred To The Clerk For Record
8/15/2012