EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

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

1-2 353.260, upon approval of the Interim Finance Committee, the supreme

1-3 court of Nevada may enter into a contract for a 20-year lease of office

1-4 space for the court in Clark County which extends in duration beyond the

1-5 1999-2001 biennium except that the total amount of money committed over

1-6 the 20-year period may not exceed $8,928,000, exclusive of operation and

1-7 maintenance costs. The request submitted to the Interim Finance

1-8 Committee for approval of the lease must include all substantive details of

1-9 the proposed lease and, if possible, a copy of the proposed lease document

1-10 or documents.

1-11 2. Money for the payment of the debt incurred pursuant to this section

1-12 will be provided for in the annual tax imposed for the payment of the

1-13 obligations of the State of Nevada from the consolidated bond interest and

1-14 redemption fund or by other legislative act. The provisions of NRS 349.238

1-15 to 349.248, inclusive, apply to payment of the debt. The interest, if any, on

2-1 the debt generated by the 20-year lease must be paid at least semiannually

2-2 and the principal must be paid within 20 years after the date of passage of

2-3 this act.

2-4 Sec. 2. This act becomes effective upon passage and approval.