Video & Transcript : 'lease property' :

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AZ

Arizona 2026 Regular Session

02/12/2026 - House Rural Economic Development

Rural Economic Development

Transcript Highlights:
  • owners to secure special assessment financing for qualified properties.
  • Can you use this tool on leased land to invest in capital infrastructure?
  • When it comes to leased land, I'd actually defer to Alex to speak more technically on that answer.
  • Again, the property owner, whoever owns that commercial, industrial, or agriculture property, would have
  • what improvements would be necessary on that property.
Bills: HB2113 , HB2237 , HB2824 , HB2926 , HB2939 , HB2950
AZ

Arizona 2026 Regular Session

02/10/2026 - House Commerce

Commerce

Transcript Highlights:
  • these districts, a developer petitions the city for the right to essentially sell bonds and put on a property
  • they, I mean, they said that people, because it's a lot of farmers, they come in and pay cash for property
  • they, I mean, they said that people, because it's a lot of farmers, they come in and pay cash for property
Bills: HB2174 , HB2496 , HB2744 , HB2863 , HB2910 , HB2938
AZ

Arizona 2026 Regular Session

02/03/2026 - Senate Natural Resources

Natural Resources

Transcript Highlights:
  • license If the director determines that, one, the proposed operation will not cause flooding, damage property
  • ADEQ, to provide written notice of the proposed operations to the general public that reside or own property
Bills: SB1005 , SB1202 , SB1278 , SB1279 , SB1280 , SB1287
WA

Washington 2025-2026 Regular Session

House Civil Rights & Judiciary Jan 30th, 2026 at 10:30 am

Civil Rights & Judiciary

Transcript Highlights:
  • Article 9A governs security interests in personal property and fixtures.
  • It provides methods of creating a security interest in personal property and the manner in which the
  • Property and fixtures.
  • the person's information, they can claim against their property.
  • Thank you for your forbearance. against the person's property.
Bills: HB2640 , HB2161 , HB2304 , HB2445 , HB2590 , HB2412
WA

Washington 2025-2026 Regular Session

House Housing Jan 29th, 2026 at 08:00 am

Housing

Transcript Highlights:
  • primary purpose is age-restricted residency without the provision of supportive services beyond basic property
  • I'd also... ...beyond basic property management and shared recreational amenities.
  • health and wellness programs, on-site nursing or personal care, or similar assistance beyond routine property
Bills: HB1542 , HB2452 , HB2664
Committee: House Housing
TX

Texas 89th Regular

Energy Resources May 12th, 2025

Energy Resources

Transcript Highlights:
  • We've talked to some who are getting $100,000 a year just for the lease of their agricultural property
  • is being harmed by what's transpiring on their property.
  • So we are... that is our property. We do not want any issues. We don't want any problems.
  • On the port property, we also have, yes, the containment fields within the facility.
  • The trailer is then parked at a nearby piece of property known as a fuel depot.
Bills: SB290 , SB2949
TX

Texas 89th Regular

S/C on Family & Fiduciary Relationships May 5th, 2025

S/C on Family & Fiduciary Relationships

Transcript Highlights:
  • has the authority to take in different considerations of the estate, but we don't I feel like the property
  • However, many working class communities are accustomed to informal transfers of policies and of property
  • Restrict their ability to claim property tax exemptions, qualify for a local home repair program, programs
  • Transfer on death deeds are a simple way for homeowners to transfer their property upon their death.
WA

Washington 2025-2026 Regular Session

Senate Housing Jan 30th, 2026

Transcript Highlights:
  • property is located.
  • , transfer, or dispose of property to be used as affordable housing. ...transfer or dispose of property
  • First, it exempts all real and personal property owned or leased...
  • First, it exempts all real and personal property owned or leased by a nonprofit entity operating as a
  • I’m just—would there be a property tax?
Summary: The Senate Housing Committee held public hearings on three bills. SB 6237 would require landlords to disclose flooding history and flood risk to new tenants, along with notices that renters’ insurance and flood insurance may be needed and that county or local government sources have hazard information. The sponsor said the bill was a simple disclosure modeled on other states’ laws after recent flooding in Washington. Testimony was generally supportive, with an environmental nonprofit urging a broader jurisdiction-based disclosure instead of only county government, and housing industry groups saying they were neutral or concerned about added lease disclosures and asking for clearer language about what flooding information must be disclosed. No vote was taken on the bill. The committee then heard SB 6214, which would authorize public corporations, housing authorities, and certain nonprofits to operate as land bank authorities for affordable housing, with requirements for affordability covenants, annual reports, priority access to tax-foreclosed properties, and tax exemptions for qualifying land bank property and transfers. Supporters from Spokane, counties, housing authorities, affordable housing groups, and developers said land banking would help lower land costs, speed development, and expand affordable housing production. One member of the public opposed the bill, arguing it could remove land from the market and affect rural land supply. Department of Revenue staff flagged a technical issue, saying the bill needs a clearer definition of a qualifying land bank authority so the exemption can be administered, and confirmed the proposal would shift property off the tax rolls. The committee also asked whether the bill would allow non-housing uses such as parks or green space; staff said the bill requires affordable housing use, though the other half of land bank activity is not specified. The committee also heard SB 6139, which would require landlords to keep accepting previously used payment methods and continue to accept partial rent payments during an unlawful detainer process, while making clear that partial payments do not reinstate a lease or stop an eviction unless the parties agree in writing. The sponsor said the bill was intended to address cases where tenants can make partial payments but landlords shut off payment portals and refuse them, forcing judges to issue case-by-case standstill orders. Tenant advocates opposed the bill, arguing it would encourage evictions, remove judicial discretion, and could trap tenants by inviting partial payments that do not protect their housing. Landlord and property management groups were concerned about requiring continued access to payment portals and about ambiguity over whether accepting partial payments would waive eviction rights, though they said the bill was a good starting point and suggested clearer receipts and statutory protections. The public hearing was closed without action on SB 6139. In executive session, the committee adopted a proposed substitute for SB 6091, which limits broker marketing restrictions without requiring open access to homes and removes a Washington Law Against Discrimination provision, then voted the bill do pass to Rules. The committee also voted to recommend confirmation of gubernatorial appointments 9278, Pedro Espinoza, and 9279, Diana H. Perez, to the Housing Finance Commission.
KY
Transcript Highlights:
  • This lease is also less.
  • </c><00:31:04.520><c> requiring</c> new leases and a lease renewal requiring new leases and a lease renewal
  • As I mentioned before, sale or lease of property, um, because we know property, even if you own it, you
  • </c><01:36:48.520><c> of</c> mentioned before, sale or lease of mentioned before, sale or lease of property
  • ,</c> property, um because we know property, property, um because we know property, even<01:36:51.640
Summary: The committee first handled routine business, including a quorum call, approval of minutes, and informational items on school district financing and KCTCS equipment purchases. It then considered two KCTCS capital projects after initially rolling them together and later unrolling them: a Fire Commission Fire Academy maintenance building project that had grown from an original $2 million authorization to $4.7 million because of design changes, soil issues, and higher mechanical costs, and a $1.5 million renovation of the Blake Lee building at Somerset Community College for a health science simulation lab. Members questioned the large cost increase on the fire academy project and the adequacy of front-end due diligence, while KCTCS said the project was bid and ready to proceed and that a 15% contingency had been included. Both projects were approved by roll call vote, with the Blake Lee project ultimately approved after the committee unrolled the items and took them separately. The committee next heard and approved a University of Kentucky public-private partnership for the Hamburg East Medical Office Building, a five-story, 220,000-square-foot facility with a not-to-exceed budget of $275 million. UK said the project is intended to expand outpatient access, consolidate some services, and support projected growth in patient volume; the building will house multiple specialties, urgent care, therapy, imaging, and a retail pharmacy. Members asked about possible community uses, consolidation of services, and whether the project would free up other space, and UK said it hopes to consolidate some services and free campus space. The project was approved by roll call vote. The committee then approved three UK lease renegotiations: a specialty pharmacy and infusion services lease at Wellington Way in Lexington, a Department of Ophthalmology and Visual Sciences lease at Conte Terrace, and a College of Social Work lease at McGrath Park Way. Members asked about rising lease rates, occupancy, and whether space needs should be reduced; UK and the lessor’s representative said the pharmacy space remains busy, the ophthalmology lease was lower than before, and the social work lease had been negotiated down from a higher request. The committee also approved a Department of Military Affairs project amendment for a Mutual Field Maintenance Shop Restoration project, increasing federal funding by $1 million to $4.5 million because of higher construction costs, and approved a Kentucky State University Shanty Hall renovation project funded by bond and HBCU Title III funds. Finally, it approved a new lease for the Office of Mines and Minerals in Pike County, a new lease for the Cabinet for Health and Family Services in Pulaski County, and a lease renewal for the Cabinet for Health and Family Services in Kenton County after questions about rent increases and office utilization; the cabinet said the Kenton County space still has limited vacancy and remains in use by field staff. The meeting ended as the Kentucky Infrastructure Authority began presenting six sewer and water loans and six cleaner water program grant reallocations, with members agreeing to roll those items for later consideration.
FL
Transcript Highlights:
  • for which the property is being leased to the department, and a public-facing website that anyone can
  • There is one master lease for the property. It was executed in 1975.
  • This component also provides facility lease information and surplus property data for state lands and
  • It also provides details on facility leases and surplus property data for both lands and facilities.
  • It also provides details on facility leases and surplus property data for both lands and facilities.
Summary: The Joint Administrative Procedures Committee reviewed several agency rules and objections under Chapter 120. First, the committee revisited prior objections to Agency for Health Care Administration rules containing sunset provisions. AHCA’s general counsel said the agency amended 26 of the objected rules but declined to amend five others, arguing sunset provisions are lawful, are not themselves rules, and were consistent with a 2019 gubernatorial directive. Committee members questioned that position, especially for licensing and certificate-of-need rules, and urged the agency to consider legislative changes; no formal action was taken on that item during the discussion. The committee then considered an objection to Department of Management Services Rule 60G-1.001 defining the Governor’s Mansion grounds. Committee staff argued the rule is vague and improperly refers to future land acquisitions without updating the rule since 1998. DMS defended the rule as a general definition tied to publicly recorded property and a master lease, but said it would not object if the Legislature chose to codify the definition in statute. After discussion, the committee voted to file the objection. Members also received informational updates from the Department of Environmental Protection on the Solaris state lands inventory system, and from the Florida Gaming Control Commission on its response to the Tampa Bay Downs unadopted-rule litigation, in which the commission said it has stopped relying on the prior tax interpretation and will not promulgate a rule on that issue. The Department of Business and Professional Regulation said it would remove an unsupported cigar wholesale dealer permit reference, repeal an obsolete excise-tax deduction rule, and amend penalty guidelines and an affirmation in its alcohol, beverage, and tobacco rules. Finally, the Division of Administrative Hearings’ interim director discussed case-processing times, possible changes to ALJ status, and whether the Florida Rules of Evidence should apply in administrative proceedings, emphasizing the need to weigh costs, independence, and impacts on pro se litigants. The chair noted this was likely the committee’s final meeting of the year.
MN
Transcript Highlights:
  • </c> promote space sharing in all new leases promote space sharing in all new leases and<00:09:15.120
  • </c> doesn't work, and use strategic leasing doesn't work, and use strategic leasing to<00:09:20.880>
  • It's general GO bond finance property, so that comes with restrictions on private use of the property
  • </c> of the property. of the property. &gt;&gt; Represent<00:12:34.480><c> Davis.
  • </c> those additional leases are? those additional leases are?
CA

California 2025-2026 Regular Session

Assembly Judiciary Committee May 6th, 2025

Transcript Highlights:
  • of the business property.
  • of the business property.
  • Commercial leases and residential leases, they're always kept separate for a reason.
  • A tenant can, when signing a lease, have someone assist them with that signing of the lease.
  • A tenant can, when signing a lease, have someone assist them with that signing of the lease.
Summary: The committee heard testimony on several bills. AB 416 would allow emergency room physicians to initiate 5150 mental health holds, with supporters saying it would reduce emergency room bottlenecks and speed care for patients in crisis. County and behavioral health representatives opposed the bill, and some members raised broader concerns about the 5150 system and juvenile placements. The bill was ultimately approved on a do-pass as amended vote. AB 446, the Surveillance Pricing Act, drew extensive testimony. The author and supporters argued it would prohibit businesses from using personal data to charge different prices for the same product or service, describing the practice as discriminatory and exploitative. Business and industry groups opposed the bill, warning that its language was too broad, could affect discounts and loyalty programs, and would create litigation risk through a private right of action. After discussion about enforcement and possible amendments, the bill passed on a do-pass motion. AB 632 would give local governments a faster way to collect penalties for serious code violations, including unsafe housing, fire hazards, and illegal cannabis activity, by allowing certain fines to become money judgments and clarifying lien authority. It had support from county and city groups and no opposition was voiced in the hearing; the bill passed as amended. ACA 7, a constitutional amendment intended to clarify and limit misuse of Section 31A, also moved forward after brief support testimony. The committee then took up AB 649, which would extend protections for businesses that proactively obtain certified access specialist inspections and fix accessibility violations; the author, a small business owner, and others testified in support, while disability rights groups moved to neutral after amendments. Members discussed the balance between access enforcement and reducing predatory litigation, and the bill was still under consideration as the transcript ended.
MN

Minnesota 2025-2026 Regular Session

House Housing Finance and Policy Committee 3/18/26

Housing Finance and Policy

Transcript Highlights:
  • Originally, under both of these statutes, the lease could only be broken if all tenants on the lease
  • Under both of these statutes, the lease could only be broken if all tenants on the lease passed away
  • </c><00:14:08.480><c> option</c> will also make the break lease option will also make the break lease
  • </c> a lease to pass away at the same time. a lease to pass away at the same time.
  • . properties. properties.
Bills: HF4207 , HF3639 , HF3981 , HF3064 , HF2123
MD

Maryland 2026 Regular Session

House Floor Session, 3/5/2026 #1

Maryland House Floor Meeting

Transcript Highlights:
  • middle of the lease.
  • It's middle of the lease. July the 1st. It's middle of the lease.
  • </c> verbal lease. verbal lease. &gt;&gt; I'm<00:19:41.760><c> sorry.
  • , it's the property, the entire property. >> Okay.
  • </c> property, the entire property. Yes. property, the entire property. Yes.
LA

Louisiana 2026 Regular Session

CPRA Jan 21st, 2026

Transcript Highlights:
  • for about 75% of the property.
  • Tommy mentioned the agricultural presence on the leased properties is incredibly important.
  • The agricultural presence on the lease properties is incredibly important.
  • I went on oyster leases.
  • It's the oyster lease acquisition, so we can acquire the oyster leases.
Summary: The board met on January 21, 2026, approved the agenda and minutes, and received a CPRA implementation update from Executive Director Michael Hare. Hare reported about 103 active projects, with work focused on completing existing projects and moving more into construction. He highlighted several projects, including Port Fourchon shoreline protection, Northwest Little Lake marsh creation, Sugar Ridge Pump Station, a large RESTORE-funded marsh creation project, Schooner Bayou saltwater barrier rehabilitation, Cain Bayou marsh creation redesign, West Shore river reintroduction work, Morganza to the Gulf reaches, NERDA Raccoon Island restoration, and Chenier-O-Tig ridge restoration. He also reviewed recreation and partnership projects such as Bayou Pigeon and Destrehan boat launches, Grand Bayou Marsh Creation, Highway 1 terracing, and four Louisiana projects funded through the National Coastal Resilience Fund. Hare noted the annual plan public meetings were complete and the comment period remained open through February 17, 2026. Board members asked about the Rockefeller shoreline project, and Hare said the Corps and state agencies were working through geotechnical and environmental issues and that leadership remained committed to moving it forward. The board then heard a joint presentation from CPRA and the Louisiana Department of Wildlife and Fisheries on the White Lake Conservation Area and Management Plan. Officials described White Lake as a 72,000-acre property in Vermilion Parish with major habitat, recreation, and revenue functions, but said aging infrastructure, levee erosion, limited water control structures, and maintenance costs made a master plan necessary. The plan, finalized in October 2025, recommends coastal restoration projects, lodge and facility revitalization using private dollars, revenue-generation improvements, and long-term partnerships. Proposed work includes GIWW shoreline protection, Unit 2/Caddo levee stabilization, and north shoreline protection, with about $30 million already secured for engineering and construction and total needs estimated at roughly $120 million to $130 million. Officials also discussed broader habitat management, conservation incentives for private landowners, possible land acquisition in southwest Louisiana, and coordination with federal partners and other state agencies. Members praised the White Lake effort as a model of interagency collaboration and emphasized its importance for waterfowl habitat, public access, and tourism. Questions focused on funding sources, oil and gas revenue, and whether other agencies such as economic development and tourism should be involved. Several members also urged the state to apply similar management approaches to other refuges, including Sabine, Cameron Prairie, and Lacassine, where they said federal management has lagged. The discussion underscored a broader shift toward landscape-scale habitat management and public recreation investment. The final major presentation covered CPRA’s marsh creation design guidelines and related construction logistics. Staff explained that marsh creation makes up a large share of the coastal master plan and that the agency is updating its 2017 design guidelines after nearly a decade of use. The updates will address survey standards, geotechnical methods, dredge production estimates, construction monitoring, and oil and gas infrastructure conflicts. A second presentation reviewed safety, access, and logistics for marine construction, including equipment access routes, pipeline identification and coordination, cultural resources, private landowners, oyster resources, and permitting. Board members asked about reducing geotechnical costs, improving land-rights coordination, considering uncontained marsh creation where appropriate, and managing pipeline impacts; staff said they would consider those suggestions as part of the guideline updates.
TX

Texas 89th Regular

Judiciary & Civil Jurisprudence Mar 12th, 2025

Judiciary & Civil Jurisprudence

Transcript Highlights:
  • It is about providing justice to the property owners. and give their property back.
  • It's their property, Mark. They own the property. I understand that.
  • Do I lose my right to occupy a property when I breach a lease and don't pay rent after a notice and hearing
  • The property lost $500,000. The property is now... ...in partial default.
  • of a property.
Bills: HB32 , HB15 , HB171 , HB421 , HB581 , HB644 , HB745 , HB349 , HB917 , HB204 , HB923 , HB15 , HB171 , HB204
TX

Texas 89th Regular

Business and Commerce Apr 10th, 2025

Business & Commerce

Transcript Highlights:
  • I represent property owners associations, and 100% of my practice is representing property owners associations
  • This would be for the Property Owners Association meetings.
  • So we believe that these types of leases with shorter lease terms do not fall within the original statute's
  • or as an addendum to the lease.
  • to borrow against the property from unknowing lenders.
Summary: The Senate Committee on Business and Commerce met with a quorum and first voted out several pending bills. Senate Bill 1612 was reported favorably to the full Senate with objections sent to the local and contested calendar. The committee then adopted committee substitutes and favorably reported Senate Bills 2717, 1468, 1642, and 1789, with 1642 and 1789 sent to the floor. SB 2717 would create the Texas Energy Efficiency Council and add agencies to it; SB 1468 and SB 1642 were discussed as changes affecting utility and insurance-related structures; and SB 1789 would establish pole standards, with the author saying it would clarify PUC authority and create more practical statewide standards. The committee also heard an ERCOT update from Pablo Vegas, who said Texas load growth remains strong but ERCOT is adjusting its large-load forecast downward using historical delays and realization rates for data centers and other large loads. He said the adjusted forecast is still very high, but more realistic for planning, and members discussed reliability, generation timelines, demand response, and the role of Senate Bill 6 in helping model large data centers as flexible load. The committee then took testimony on a series of bills and left most pending after public comment. SB 2629 would allow condominium and property owners associations to hold meetings and vote electronically; testimony supported it as a way to improve access, though some members expressed concern about overuse of virtual meetings. SB 2702 would let nationally certified professionals test backflow prevention assemblies instead of requiring a separate TCEQ license, and was supported as a workforce and public health measure. SB 2167 would let TDLR pause new massage-establishment license applications when an applicant is subject to a human trafficking emergency order or pending SOAH case. SB 2349 would exempt short-term residential leases and certain leasebacks from floodplain disclosure requirements while allowing the notice to be included in the lease packet. SB 2121 would tighten the data broker registry law from the prior session, and SB 2443 would allow TDLR to use electronic delivery for notices and contested-case documents. Additional bills focused on consumer protection, housing, and regulatory administration. SB 2902 would help victims of coerced debt and identity theft stop collection efforts by requiring proof such as a court order or FTC report; advocates said it would protect survivors while still preventing fraud. SB 512 would bar money transmission license holders from fining users for terms-of-service violations in a way that forfeits account funds, and supporters framed it as a protection against private financial penalties. SB 2145 would allow public improvement districts and tax increment finance districts to meet virtually with at least one member physically present, while SB 2268 would give the PUC flexibility to extend Texas Energy Fund loan deadlines in certain cases. SB 1495 would create an advisory board for electric vehicle supply equipment standards, SB 2154 would extend statewide regulation to delivery network companies, SB 2184 would lower the age for pyrotechnic operator and fireworks display licenses from 21 to 18, SB 438 would expand confidentiality protections for SOAH administrative law judges, SB 2211 would treat digital products and desalinated water as industrial products to support combined energy-water projects, and SB 647 would strengthen title-theft protections by improving notice and clerk authority to reject fraudulent filings. Most of these bills were left pending after testimony, and several drew support from industry, consumer, or advocacy witnesses along with some member concerns about electronic meetings, licensing, and data accuracy.
TX
Transcript Highlights:
  • Senate Bill 2629 amends the property code to authorize a condominium unit owner's association and property
  • Maybe you own property, but you own property potentially in Rockport, but you live in Houston.
  • Such in a long Term lease, they can also be included as part of the standard lease packet, but they still
  • So we believe that these types of leases with shorter lease terms do not fall within the original statutes
  • The disclosure notice may be included in a paragraph of the lease or as an addendum to the lease.
Summary: The Senate Committee on Business and Commerce met with a quorum and took up several pending bills, voting favorably on SB 1612, SB 2717, SB 1468, SB 1642, and SB 1789. SB 1612 was reported favorably with objections to the local and contested calendar, while SB 2717, SB 1468, SB 1642, and SB 1789 were reported favorably, with SB 1642 and SB 1789 sent to the floor. SB 2717 would create the Texas Energy Efficiency Council; SB 1642 would add an executive director to the Texas Department of Insurance structure; and SB 1789 would establish pole standards and clarify PUC authority and remedies. The committee also heard an ERCOT update from CEO Pablo Vegas on the updated long-term load forecast, which showed a much higher unadjusted growth projection driven largely by data centers. ERCOT described an adjusted forecast using historical delays and lower realized build rates, and members discussed reliability, generation timelines, and the importance of SB 6 for demand response and flexibility. The committee then heard and left pending SB 2629, which would allow condominium and property owners’ association meetings and voting by electronic means; SB 2702, which would let nationally certified professionals test backflow prevention assemblies without a separate TCEQ license; SB 2167, which would let TDLR pause new license applications tied to human trafficking emergency orders or pending SOAH cases; SB 2349, which would exempt short-term leases and certain leasebacks from flood disclosure requirements; SB 2121, which would tighten the data broker registry law; and SB 2443, which would authorize TDLR electronic delivery of notices and other documents. Testimony generally supported these bills as cleanup, modernization, or workforce-streamlining measures, with some members expressing caution about electronic meetings and emphasizing in-person accountability. The committee also heard SB 2902 on coerced debt and identity theft, with testimony from a law professor and family violence advocates supporting stronger protections for survivors and suggesting a police report as an additional proof option. SB 512, a refiled bill restricting money transmission license holders from fining users for terms-of-service violations, also received supportive testimony and was left pending. Later, the committee heard SB 2145 on allowing certain TIF boards to meet virtually in narrow circumstances, SB 2268 on extending Texas Energy Fund loan deadlines in some cases, SB 1495 creating an EV supply equipment advisory board, SB 2154 regulating delivery network companies under a statewide framework, SB 2184 lowering the age for pyrotechnic operator and fireworks display permits from 21 to 18, SB 2211 on combining data centers, power generation, and produced-water desalination projects, and SB 647 on title theft protections and clerk authority to refuse fraudulent filings. Most of these bills were left pending after brief testimony and questions, with members focusing on reliability, regulation, and safeguards against fraud.
FL

Florida 2026 Regular Session

Finance and Tax Jan 28th, 2026

Finance and Tax

Transcript Highlights:
  • property visible on their platform.
  • I'm Mike Twitty, Pinellas County Property Appraiser, and I'm also the legislative chair for the Property
  • Currently statute is silent on leases that end at death.
  • SB 110 resolves this uncertainty by explicitly confirming that a 98-year lease or longer lease that terminates
  • It's another depreciation deduction for real property.
NH
Transcript Highlights:
  • been drafted, um, in the committee testimony we heard that, um, there has been a lot of issues with leases
  • </c> using uh fair market rates in uh lease using uh fair market rates in uh lease renewals<00:03:09.159
  • You know, it could be way off from what the market value of leasing that space is, right.
  • It only talks about space owned by a political subdivision, right, being leased by the state.
  • What about making it space owned by the state and leased to a political subdivision?
Summary: The subcommittee discussed HB 694, focusing on how to set fair market rates for lease renewals involving state agencies and political subdivisions. Members and the New Hampshire Association of Counties worked through draft language defining fair market value, including how appraisals, depreciation, and building deficiencies should be considered. Testimony emphasized that market value and appraised value can differ significantly, and that the bill should allow flexibility rather than require a rigid formula. The group also debated what expenses should be included in lease terms. After discussion of examples such as utilities, custodial services, insurance, maintenance, and newer needs like communications or internet service, members agreed not to create an overly specific list. They settled on language stating that additional expenses, including but not limited to utilities and custodial services, would be negotiated separately. The final amendment was revised to apply to lease renewals for land, buildings, or space between a political subdivision and the State of New Hampshire, with renewals at fair market rate unless otherwise agreed by the lessor. The subcommittee agreed to have the amendment drafted at OLS and then closed the public subcommittee meeting on HB 694.