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County manager and sponsors push bill to require fair-market terms for state lease renewals
Summary
House Bill 694 would require state agency lease renewals to be negotiated at fair market value unless a submarket rate is agreed by the landlord; county managers and county association supported the bill and the committee heard testimony on leasing practices and the state’s lease inventory.
Senator Keith Murphy (acting in lieu of Representative Aaron) introduced House Bill 694, which would require renewal leases for land, buildings, or space by state agencies to be negotiated at fair market value unless the property owner agrees otherwise.
Derek Ferland, Sullivan County manager, testified that the state’s statutes provide limited guidance for leasing…
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