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Senate Study Bill 1007

Bill Text

PAG LIN
  1  1    Section 1.  AUTHORIZATION BY GENERAL ASSEMBLY.  The general
  1  2 assembly pursuant to Code section 905.4, subsection 5,
  1  3 authorizes the sixth judicial district department of
  1  4 correctional services to extend for a period of two years,
  1  5 from June 1, 2006, through June 1, 2008, the lease-purchase
  1  6 agreement entered into with Merchants National Bank of Cedar
  1  7 Rapids on April 1, 1991, and assigned to Firstar Bank of
  1  8 Milwaukee.  The general assembly acknowledges that the sixth
  1  9 judicial district department of correctional services has
  1 10 adequate funding to meet the extension of the lease-purchase
  1 11 agreement and that no state general fund appropriations need
  1 12 to be made to extend the lease-purchase agreement.
  1 13    Sec. 2.  EFFECTIVE DATE.  This joint resolution, being
  1 14 deemed of immediate importance, takes effect upon enactment.  
  1 15                           EXPLANATION 
  1 16    This joint resolution authorizes the sixth judicial
  1 17 district department of correctional services to extend a
  1 18 lease-purchase agreement.  The resolution provides that the
  1 19 sixth judicial district department of correctional services
  1 20 may extend a lease-purchase agreement entered into with
  1 21 Firstar Bank of Milwaukee to allow for the purchase of
  1 22 approximately 10 acres of land adjacent to the community-based
  1 23 correctional facility in Cedar Rapids.  The resolution states
  1 24 that the sixth judicial district has obtained adequate funding
  1 25 to extend the lease-purchase agreement and that no general
  1 26 fund moneys need to be appropriated.
  1 27    The joint resolution takes effect upon enactment.  
  1 28 LSB 1133DP 79
  1 29 jm/gg/8
     

Text: SSB01006                          Text: SSB01008
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