Date: 01/17/2006
Final
Repeal of State Prop. Sale/Lease Purch. Statute
COMMITTEE ON CAPITAL DEVELOPMENT
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08:38 AM -- Discussion Regarding the Repeal of Section 24-82-1103, Colorado Revised Statutes
Mr. Jeremiah Barry, Office of Legislative Legal Services,discussed the potential for committee legislation to repeal Section 24-82-1103, C.R.S. The statute repeals by future repealer a portion of statute concerning the sale of state property and subsequent lease purchase agreements for the property. Mr. Barry referenced a memorandum he prepared on the subject (Attachment D), copies of which were provided to the committee. In response to committee questions, Mr. Barry explained the process by which property is disposed and subsequently leased under this statute, and further explained that the referenced statute was enacted in 2003 with an original repeal date in 2004. The committee discussed the fact that this statute was enacted in response to a state budget downturn. Senator Bacon explained that the Department of Personnel and Administration requested that the committee discuss this issue and sponsor legislation that repeals this statute. Senator Bacon requested that staff author a letter on the subject to the department, outlining the committee's position on the matter.
08:49 AM
The committee adjourned.