HB 1187 (2024)
Prohibit lease agreements that cover building or facility fixtures
This bill did not become law.
Last updated 2025-01-29 12:55 pm
Summary:
Changes the voting threshold for local legislative bodies' approval of equipment leases over $100,000 from a simple majority to a 2/3 or 3/5 supermajority. This bill also requires a ballot vote.
The House rewrote the bill. The new bill prohibits the inclusion of costs associated with building or facility improvements that become fixtures in lease agreements of equipment.
Status:
Status Detail:
Vetoed by Governor
Public Hearing Date:
05/07/2024 09:50 am
Public Hearing Location:
SH Room 100
House Voting Date:
03/28/2024
Senate Voting Date:
05/23/2024
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