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Introduced Version Senate Bill 57 History

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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 57

(By Senator Hunter)

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[Introduced January 9, 2008; 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 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 the provisions of section twenty-six, article eight, chapter eleven of this code or any other provision of this code to the contrary, a county board may enter into a lease-purchase agreement for land, buildings and equipment unless prohibited by subjection (b) of this section.
(b) If a building is or has been constructed for the purpose of providing a school through a lease-purchase agreement, the board may not enter into the lease-purchase agreement for the school unless the lessor complied with the requirements of article five-a, chapter twenty-one of this code relating to the fair minimum rate of wages.


NOTE: The purpose of this bill is to allow 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.
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