Sectional Analysis for SB 34

DOT Maintenance Facility at Soldotna

Section 1: Authorizes a lease-purchase agreement with the City of Soldotna, so that the City can finance and construct a maintenance facility. Sets out the maximum total project costs, the maximum annual rental obligation amount, and the maximum full term lease payment amount. Specifies that the state shall own the facility at the end of the lease term and that this section provides the notice and approval required by statute.

SA: SB 34: S(CRA): 3/697: mj