Senate Bill No. 637
(By Senators Sypolt, McCabe and Williams)
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[Introduced February 22, 2010; referred to the Committee on
Education; 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
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
.
This section
is new; therefore, strike-throughs and
underscoring have been omitted.