82R4082 MCK-D
By: Brown H.B. No. 1727
A BILL TO BE ENTITLED
AN ACT
relating to the sale and leaseback of certain state property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 2165, Government Code, is
amended by adding Section 2165.059 to read as follows:
Sec. 2165.059. SALE AND LEASEBACK OF STATE BUILDINGS. The
commission, with assistance from the asset management division of
the General Land Office, shall identify state buildings that could
be sold and leased back from the purchaser by the state under
Section 31.151, Natural Resources Code. In making a determination
under this section, the commission shall consider:
(1) the state's current need for office space and the
projected need for office space;
(2) the fair market value of the buildings;
(3) the current and projected lease costs;
(4) any property tax implications resulting from the
sale; and
(5) the terms of the leaseback agreement.
SECTION 2. Subchapter E, Chapter 31, Natural Resources
Code, is amended by adding Section 31.151 to read as follows:
Sec. 31.151. SALE AND LEASEBACK OF STATE BUILDINGS. (a) If
the commissioner determines that the sale and leaseback of one or
more state buildings identified by the Texas Facilities Commission
under Section 2165.059, Government Code, is the most economical
means of providing office space for the state, the commissioner
shall sell those buildings to one or more purchasers who agree to
lease the buildings back to the state under a long-term lease.
(b) The state and a purchaser under this section must enter
into the lease agreement at the time of the sale.
(c) Section 31.159 does not apply to a sale under this
section.
(d) The lieutenant governor and the speaker of the house of
representatives shall appoint a joint standing legislative
committee to receive information about the identification of state
buildings under Section 2165.059, Government Code, and sale and
leaseback transactions under this section. The commissioner and
the Texas Facilities Commission shall keep the committee informed.
SECTION 3. (a) Not later than September 1, 2012, the Texas
Facilities Commission shall develop a list of state buildings under
Section 2165.059, Government Code, as added by this Act, the sale
and leaseback of which would raise $30 billion in revenue under
Section 31.151, Natural Resources Code, as added by this Act.
(b) The comptroller shall group the buildings identified
under Subsection (a) into packages that would each raise
approximately $2.5 billion in revenue.
SECTION 4. This Act takes effect September 1, 2011.