Relating to notification of the general assembly concerning certain state government leases and real property acquisitions

The bill provides that the notification shall include the information as required by the bill for the department of administrative services.321, concerning managing the physical resources of government, is amended to require the director of the department of administrative services to notify and provide to the legislative services agency for submission to the general assembly’s standing committees on government oversight information regarding entering into a contract for a lease or renewal of a lease for certain buildings and office space or a contract for the acquisition of real property in which any part or the total amount of the contract is at least $50,000. The bill requires the notification at least days prior to entering into a contract and provides that the notification include information describing the buildings and office space subject to the lease or renewal of lease or describing the real property to be acquired, providing the proposed terms of the contract and the cost of the contract, identifying the means and source of payment of the contract, and analyzing the consequences of delaying or abandoning the commencement of the contract.