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.