------------------------------------------------------------------------------------------ ¦ REFERENCE TITLE: state archives building. ¦ ------------------------------------------------------------------------------------------ ¦ ¦ ¦ ¦ ¦ ¦ ¦ State of Arizona ¦ ¦ House of Representatives ¦ ¦ Forty-fifth Legislature ¦ ¦ First Regular Session ¦ ¦ 2001 ¦ ------------------------------------------------------------------------------------------ ¦ HB 2208 ¦ ------------------------------------------------------------------------------------------ ¦ Introduced by ¦ ¦ Representatives Huffman, Carruthers, Miranda, Allen, Senator Guenther: Representative ¦ ¦ Cannell ¦ ------------------------------------------------------------------------------------------
AN ACT
PROVIDING FOR LEASE-TO-OWN STATE ARCHIVES BUILDING.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Lease-to-own state archives building; procedures; taxation
A. In addition to any other authority, the director of the department of administration may enter into a lease-to-own transaction with a private entity for the construction, occupancy and ownership by this state of a state archives building located on the capitol mall in Phoenix, Arizona as depicted on the capitol mall master plan. The state archives building shall be for the use and occupancy of the Arizona state library, archives and public records.
B. The lease-to-own transaction may provide for:
1. The lease to the private entity of state property necessary for the construction of the archives facility and related infrastructure for the term of the lease-to-own transaction.
2. The construction to the state's specifications of the archives facility and related infrastructure based on Arizona state library, archives and public records facility standards.
3. The lease of the completed archives facility and related infrastructure by the state for an extended term of years.
4. The transfer of ownership of the archives facility and related infrastructure from the private entity to the state on the payment of a nominal sum at the expiration of the lease.
5. The option for the state's purchase of the archives facility and related infrastructure before the expiration of the lease.
6. The private entity's possession of and authority to lease to other tenants the archives facility and related infrastructure for the remaining term of the lease if sufficient monies are not appropriated for the continued occupancy by the state.
C. The state property and any improvements constructed by the private entity on the state property in accordance with this section are exempt from taxation during construction by the private entity and subsequent occupancy by the state for a governmental activity.
D. Any lease-to-own transaction under this section shall be reviewed by the joint committee on capital review before the transaction takes effect.