Relating to funds for maintaining state agency property; declaring an emergency.
Catchline/Summary:
Requires state agency that owns real property or operates facilities to establish dedicated account to pay expenses of maintaining, repairing and replacing state agency's real property or facilities. Requires state agency that owns real property or operates facilities to establish dedicated account to pay expenses of maintaining, repairing and replacing state agency's real property or facilities.
Requires state agency that owns real property or operates facilities to contract each year with private contractor to conduct reserve study or to review existing reserve study to determine requirements for reserve account established to maintain, repair and replace state agency's real property or facilities. Specifies requirements for reserve study.
Specifies priorities for state agency's deposit of revenues from rental or sale of state agency real property or facilities. Specifies dates by which state agency must establish account, begin funding account and fully fund account.
Becomes operative 91 days after effective date of Act.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 2003 House Committee On General Government and Consumer Protection
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