S E N A T E A M E N D M E N T

   AMENDMENT NO. _____

310896031496000/AM

April 22, 2026

ADOPTED		TABLED	CARRIED OVER	FAILED	RECONSIDERED

Clerk of the Senate

   ADOPTION NO. _____

BILL NO: H.5126  (Reference is to Printer's Date 04/21/26-S.)

04572000 

 Senators ALEXANDER, PEELER, MASSEY, and HUTTO propose the following amendment (AM BUILDING LEASES V2):

 Amend the bill, as and if amended, Part IB, Section 117, GENERAL PROVISIONS, page 585, after line 27, by adding an appropriately numbered new proviso to read:

/ (GP: Building Leases) The Department of Administration is authorized and directed to determine with the Retirement System Investment Commission (RSIC) the feasibility of construction and development of up to two commercial buildings and associated facilities that may include as tenants Constitutional officers and state agencies. Any building developed or constructed shall be considered an exercise of RSIC's exclusive authority to invest and manage the Retirement System's Assets and any interest in any structure utilized to develop, construct and hold the asset would be treated as an asset of the Retirement System Group Trust. The RSIC decision to facilitate any development or construction is subject to all applicable requirements and to RSIC's fiduciary obligation to retirement system beneficiaries. The department shall provide, at a minimum, quarterly updates on the progress of the implementation of this proviso to JBRC for review and comment. Up to $5,000,000 for this purpose shall be paid from excess debt service appropriations, and the State Treasurer shall transfer the funds as requested by the Department for these purposes. Any unexpended funds for planning and implementation may be carried forward and used for the same purposes. /

 

 Renumber sections to conform.

 Amend sections, totals and title to conform.