Senate Bill No. 274

(By Senators Sypolt and Williams)

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[Introduced February 17, 2009; referred to the Committee on Government Organization; and then to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §18-5-9c, relating to allowing a county board of education to enter into a lease- purchase agreement for land, buildings and equipment.

Be it enacted by the Legislature of West Virginia:
That §18-5-9c of the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §18-5-9c, to read as follows:
ARTICLE 5. COUNTY BOARD OF EDUCATION.
§18-5-9c. Lease-purchase agreements to provide school facilities.
(a) Notwithstanding section twenty-six, article eight, chapter eleven of this code or any other contrary provision of this code, a county board may enter into a lease-purchase agreement for land, buildings and equipment.

NOTE: The purpose of this bill relates to allowing a county board of education to enter into a lease-purchase agreement for land, buildings and equipment .


NOTE: §18-5-9c is new; therefore, strike-throughs and underscoring have been omitted.