SB18-232
Calculation For Art In Public Places Requirement
Concerning a clarification of the calculation used to determine the amount of money that must be spent to acquire works of art for capital construction projects that are the subject of a lease-purchase agreement.
Session:
2018 Regular Session
Subjects:
Bill Summary
Capital Construction
State Government
Capital construction - art in public places program - clarification of amount that must be set aside for certain projects. The act clarifies that for any capital construction project that is the subject of a lease-purchase agreement, the one percent of the total construction costs that is required to be used for the acquisition of works of art is calculated on the state-funded portion of the total construction costs and not on the total construction costs.
(Note: This summary applies to this bill as enacted.)