Sec. F-1. Department of Administrative and Financial Services; lease-purchase authorization. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Administrative and Financial Services in cooperation with the Treasurer of State may enter into financing arrangements in fiscal years 2001-02 and 2002-03 for the acquisition of motor vehicles for the Central Motor Pool. The financing agreements may not exceed 4 years in duration and $4,600,000 in principal costs. The interest rate may not exceed 6% and total interest costs may not exceed $690,000. The annual principal and interest costs must be paid from the appropriate line category allocations in the Central Motor Pool account.
Sec. F-2. Department of Administrative and Financial Services; lease-purchase authorization. Pursuant to the Maine Revised Statutes, Title 5, section 1587, the Department of Administrative and Financial Services, Bureau of Information Services, in cooperation with the Treasurer of State may enter into financing arrangements in fiscal years 2001-02 and 2002-03 for the acquisition of hardware, software and systems to support the operations of State Government. The financing agreements may not exceed 3 years in duration and $3,000,000 in principal costs. The interest rate may not exceed 7% and total interest costs may not exceed $340,000. The annual principal and interest costs must be paid from the appropriate line category allocations in the Bureau of Information Services Internal Service Fund account.
Sec. F-3. Maine Governmental Facilities Authority; issuance of securities. Pursuant to the Maine Revised Statutes, Title 4, section 1606, subsection 1, the Maine Governmental Facilities Authority may issue securities in its own name in an amount up to $7,360,000, the proceeds of which must be used for the purposes of paying the cost of the construction and renovation of the following projects: utilities infrastructure replacement and renovation at the Augusta Mental Health Institute, certain renovations at Buildings G, H and I at the Governor Baxter School for the Deaf and renovations at the Department of Transportation building in Augusta.
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