Amends TCA Section 4-15-107 and Section 12-2-115.

This bill revises provisions governing monetary thresholds in regard to the repair and renovation of state buildings and to state lease agreements, as discussed below. PRESENT LAW Under present law, the state building commission has the power and authority to approve and supervise all projects involving, among other things: (1) Any improvement to real property funded by public or private funds or both in which the state or any of its departments, institutions or agencies has an interest; and (2) Any improvement to real property in excess of $500,000 by a foundation created for the primary purpose of benefiting the University of Tennessee or any institution of the state university and community college system of Tennessee, the operation of which will be, or is intended by the foundation to be or become, the responsibility of the University of Tennessee or any institution of the state university and community college system of Tennessee. “Improvement to real property” includes the major maintenance of any building or structure in which the state or any of its departments, institution or agencies have an interest. Present law defines “major maintenance” as the repair or renovation of any building or structure or any portion thereof in which the state or any of its departments, institutions or agencies have an interest and that: (A) Is being funded by direct appropriations for major maintenance; or (B) Will cost in excess of $100,000. Also under present law, a lease of property to the state government or any agency, department, institution or office will not be entered into unless the instrument of lease is first approved as to form and legality by the attorney general and reporter. This provision applies to leases longer than five years or if the consideration for the lease exceeds $150,000 per year. If any proposed lease of property by or to the state government or any agency, department, institution or office is longer than five years or if the consideration for the lease exceeds $150,000 per year or such other amount as determined by the state building commission, it must first be submitted to and approved by the state building commission. THIS BILL This bill increases the threshold amount for “major maintenance” from $100,000 to $250,000 and increases the threshold amount in regard to leases, as discussed above, from $150,000 to $250,000.