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H. B. No. 387 As IntroducedAs Introduced
129th General Assembly | Regular Session | 2011-2012 |
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Representatives Sears, Ashford
Cosponsors:
Representatives Letson, Gardner, Hill, McGregor, Antonio, Combs, Fedor, Stebelton
A BILL
To enact section 307.093 of the Revised Code to
authorize a board of county commissioners of any
county to enter into agreements for the sale and
leaseback of county buildings.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 307.093 of the Revised Code be
enacted to read as follows:
Sec. 307.093. A board of county commissioners may enter into
a sale and leaseback agreement under which the board agrees to
convey a county-owned building to a purchaser who is obligated,
immediately upon closing, to lease the building back to the board.
The sale and leaseback agreement shall obligate the lessor to make
improvements to the building, including renovations, energy
conservation measures, and other measures that are necessary to
improve the functionality and reduce the operating costs of the
building.
The authority granted by this section is not subject to the
limitations imposed by sections 307.02 and 307.09 of the Revised
Code.
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