This bill amends existing law to require legislative approval for leases of real property necessary for the operation of state government that exceed specified durations or rental payments. Specifically, the Bureau of Human Resources and Administration is prohibited from entering into leases that exceed fifteen years in duration or have rental payments exceeding five million dollars without obtaining legislative consent. The bill outlines the process for seeking this consent, which includes introducing a joint resolution if the Legislature is in session or requesting review and consent from the Executive Board of the Legislative Research Council if the Legislature is not in session.

Additionally, the bill establishes that any lease entered into in violation of these provisions will be considered void and unenforceable. It also stipulates that any existing leases that exceed the specified thresholds will become void on July 1, 2026, unless legislative consent is obtained before that date. This legislative oversight aims to enhance accountability and ensure that significant financial commitments related to state property are subject to scrutiny.

Statutes affected:
Introduced, 01/30/2025: 1-33-9
House State Affairs Engrossed, 02/11/2025: 1-33-9