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HB 387
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Am. H. B. No. 387 As Reported by the House Local Government Committee

As Reported by the House Local Government Committee

129th General Assembly

Regular Session

2011-2012

Am. H. B. No. 387

Representatives Sears, Ashford

Cosponsors: Representatives Letson, Gardner, Hill, McGregor, Antonio, Combs, Fedor, Stebelton, Brenner, Hackett

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 all or portions 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 all or portions of the building back to the board. The sale and leaseback agreement shall obligate the lessor to make public improvements to all or portions of the building subject to the lease, including renovations, energy conservation measures, and other measures that are necessary to improve the functionality and reduce the operating costs of the portions of the building that are subject to the lease.

The authority granted by this section is not subject to the limitations imposed by sections 307.02 and 307.09 of the Revised Code.