Financed purchase of an asset or certificate of participation agreements

(1) If the director determines that the state will realize economic or other benefits by revising or replacing existing financed purchase of an asset or certificate of participation agreements, or by entering into additional financed purchase of an asset or certificate of participation agreements, or by combining all or any portion of existing or additional financed purchase of an asset or certificate of participation agreements authorized by appropriations made by the general assembly, the director may develop a master financing program and execute such agreements. Any additional financed purchase of an asset or certificate of participation agreement executed by the director pursuant to this part 7 may include personal property that is the subject of an existing financed purchase of an asset or certificate of participation agreement or personal property for which an appropriation has been made by the general assembly for the fiscal year commencing July 1, 1987, and any fiscal year thereafter. An additional financed purchase of an asset or certificate of participation agreement executed by the director pursuant to this part 7 may include real property only if the initial acquisition of such property by means of a financed purchase of an asset or certificate of participation agreement was specifically authorized by a separate bill enacted by the general assembly pursuant to section 24-82-801. For the purposes of this subsection (1), appropriations made by the general assembly do not include continuing appropriations made by permanent statute. (2) Repealed.