Authorizes the department of the treasury to contract for the issuance of bonds, loans, lease purchase agreements, and other methods of financing the state's acquisition of capital assets and equipment. Requires the department to establish policy guidelines for using the various methods of financing.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute. Effective date - applicability. If such a referendum 4 petition is filed against this act or an item, section, or part of this act 5 within such period, then the act, item, section, or part, if approved by the 6 people, shall take effect on the date of the official declaration of the vote 7 thereon by proclamation of the governor.