CHAPTER........

Section 1. 1. Notwithstanding the provisions of subsection 2 of NRS

353.260, upon approval of the Interim Finance Committee, the supreme

court of Nevada may enter into a contract for a 20-year lease of office

space for the court in Clark County which extends in duration beyond the

1999-2001 biennium except that the total amount of money committed over

the 20-year period may not exceed $8,928,000, exclusive of operation and

maintenance costs. The request submitted to the Interim Finance

Committee for approval of the lease must include all substantive details of

the proposed lease and, if possible, a copy of the proposed lease document

or documents.

2. Money for the payment of the debt incurred pursuant to this section

will be provided for in the annual tax imposed for the payment of the

obligations of the State of Nevada from the consolidated bond interest and

redemption fund or by other legislative act. The provisions of NRS 349.238

to 349.248, inclusive, apply to payment of the debt. The interest, if any, on

the debt generated by the 20-year lease must be paid at least semiannually

and the principal must be paid within 20 years after the date of passage of

this act.

Sec. 2. This act becomes effective upon passage and approval.

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