WILLIAM DONALD SCHAEFER, Governor

(5)  THE PROPOSED FINANCING SHALL BE THE LEAST
EXPENSIVE METHOD OF FINANCING THE FACILITY OVER THE USEFUL LIFE
OF THE FACILITY.; AND

(6) THE TERM OF THE LEASE FOR THE PROJECT MAY NOT
EXCEED 20 YEARS.

5-706.4 5-706.5.

(A)  PRIOR TO INITIAL APPROVAL, THE BOARD SHALL SUBMIT THE
REQUEST TO THE BUDGET COMMITTEES OF THE GENERAL ASSEMBLY FOR
APPROVAL. THE REQUESTING AGENCY SHALL PRESENT A FULL DESCRIPTION
OF THE PROJECT AND ITS RATIONALE.

(B)  AFTER IF INITIAL APPROVAL HAS BEEN OBTAINED FROM THE
BUDGET COMMITTEES A PROPOSAL MAY . BE PLACED ON AN APPROPRIATE
AGENDA FOR INITIAL APPROVAL BY THE BOARD WITH RESPECT TO ALLOWING
INITIATION OF THE PROJECT PROCUREMENT PROCESS. THE REQUESTING
AGENCY SHALL PRESENT A FULL DESCRIPTION OF THE PROJECT AND ITS
RATIONALE.

(C)  THE SECRETARY OF GENERAL SERVICES, REPRESENTING THE
STAFF AGENCIES, SHALL PRESENT THEIR CONSOLIDATED FINDINGS AND
RECOMMENDATIONS AND THE RECOMMENDATIONS OF THE BUDGET COMMITTEES
TO THE BOARD.

(D)  IF INITIAL APPROVAL IS OBTAINED BY THE BOARD,
PROCUREMENT FOR THE CAPITAL LEASES SHALL BE ACCOMPLISHED IN
ACCORDANCE WITH APPLICABLE LAW AND REGULATIONS.

(E)  THE DEPARTMENT OF GENERAL SERVICES SHALL, TOGETHER WITH
APPROPRIATE USING AGENCY OFFICIALS, INITIATE THE PROCUREMENT
PROCESS FOR AGENCIES OR FACILITIES WITHIN ITS JURISDICTION.

(F)  THE BOARD MAY REQUIRE THAT THE DEPARTMENT OF GENERAL
SERVICES NEGOTIATE SALE AND LEASE PROVISIONS, TOGETHER WITH
APPROPRIATE AGENCY OFFICIALS, FOR AGENCIES OR FACILITIES OUTSIDE
THE DEPARTMENT'S JURISDICTION.

(G) THE STATE TREASURER SHALL INSTITUTE THE PROCUREMENT
PROCESS FOR THE NECESSARY FINANCING.

5-706.5 5-706.6.

(A) AFTER SELECTION OF A SUCCESSFUL BIDDER OR OFFEROR, THE
REQUESTING STATE AGENCY SHALL SUBMIT THE PROPOSAL CONCURRENTLY
TO:

(1)  THE SECRETARY TO THE BOARD; AND

(2)  THE DEPARTMENT OF BUDGET AND FISCAL PLANNING.

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