(1) Before executing any high-cost lease or a modification to a lease that results in a high-cost lease, the Administrative Office of the Courts shall submit a draft of the new lease or modification to: (a) the Judicial Council; and (b) the director of the Division of Facilities Construction and Management.

(a) the Judicial Council; and

(b) the director of the Division of Facilities Construction and Management.

(2) The director shall: (a) review the drafts submitted by the Administrative Office of the Courts; and (b) within 30 days after receiving the drafts from the office, submit a report on those drafts to: (i) the Judicial Council; and (ii) the Office of Legislative Fiscal Analyst.

(a) review the drafts submitted by the Administrative Office of the Courts; and

(b) within 30 days after receiving the drafts from the office, submit a report on those drafts to: (i) the Judicial Council; and (ii) the Office of Legislative Fiscal Analyst.

(i) the Judicial Council; and

(ii) the Office of Legislative Fiscal Analyst.

(3) The report shall contain: (a) the director's opinion about: (i) whether or not the lease or modification is cost-effective when the needs of the entity to be housed in the leased facility are considered; (ii) whether or not another option such as construction, use of other state-owned space, or a lease-purchase agreement is more cost-effective than leasing; and (iii) whether or not the significant lease terms are cost-effective and provide the state with sufficient flexibility and protection from liability; (b) a comparison of the proposed lease payments to the current market rates, and a recommendation as to whether or not the proposed lease payments are reasonable under current market conditions; (c) a comparison of proposed significant lease terms to the current market, and a recommendation as to whether these proposed terms are reasonable under current market conditions; and (d) a recommendation from the director that the lease or modification to a lease be approved or disapproved.

(a) the director's opinion about: (i) whether or not the lease or modification is cost-effective when the needs of the entity to be housed in the leased facility are considered; (ii) whether or not another option such as construction, use of other state-owned space, or a lease-purchase agreement is more cost-effective than leasing; and (iii) whether or not the significant lease terms are cost-effective and provide the state with sufficient flexibility and protection from liability;

(i) whether or not the lease or modification is cost-effective when the needs of the entity to be housed in the leased facility are considered;

(ii) whether or not another option such as construction, use of other state-owned space, or a lease-purchase agreement is more cost-effective than leasing; and

(iii) whether or not the significant lease terms are cost-effective and provide the state with sufficient flexibility and protection from liability;

(b) a comparison of the proposed lease payments to the current market rates, and a recommendation as to whether or not the proposed lease payments are reasonable under current market conditions;

(c) a comparison of proposed significant lease terms to the current market, and a recommendation as to whether these proposed terms are reasonable under current market conditions; and

(d) a recommendation from the director that the lease or modification to a lease be approved or disapproved.

(4) (a) The Administrative Office of the Courts may not execute any new high-cost leases or modifications to any existing lease that will result in a high-cost lease unless that lease or those modifications are approved by a majority vote of the Judicial Council. (b) The Judicial Council shall consider the recommendations of the director of the division in determining whether or not to approve high-cost leases and modifications resulting in high-cost leases.

(a) The Administrative Office of the Courts may not execute any new high-cost leases or modifications to any existing lease that will result in a high-cost lease unless that lease or those modifications are approved by a majority vote of the Judicial Council.

(b) The Judicial Council shall consider the recommendations of the director of the division in determining whether or not to approve high-cost leases and modifications resulting in high-cost leases.