90th General Assembly
Summary of HB2841
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House Sponsors:

Short description: 
METRO WATER DIST-LEASE BIDS                                                

Synopsis of Bill as introduced:
        Amends the Metropolitan Water Reclamation District Act.  Provides      
   that if there is more than  one  responsible  bid  for  the  lease  of      
   property  for  corporate purposes of a sanitary district, the board of      
   commissioners may authorize and direct the general  superintendent  to      
   solicit from each responsible bidder written amendments to their prior      
   bid,  increasing their rental bid proposal by at least 5% in excess of      
   their prior written bid, or otherwise amending the financial terms  of      
   their  bid  so  as  to  maximize  the financial return to the sanitary      
   district during the term of the proposed lease.   Provides  that  upon      
   the  general  superintendent's  tentative  agreement  with one or more      
   amended bids, the bids may be submitted to the board of  commissioners      
   with  the  recommendation of the general superintendent for acceptance      
   of one or rejection of all.  Provides  that  the  amendments  may  not      
   result in a diminution of the terms of the transaction and must result      
   in  an agreement that is equal to or greater in value than the highest      
   responsible bid initially received.                                         
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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