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Rep Griffin bill clarifies leasepurchase agreement guidelines for schools

first_img Categories: Griffin News,News 13Feb Rep. Griffin bill clarifies lease-purchase agreement guidelines for schools Legislator: Informative measure can now lead to more savings for school districtsA bill proposed by state Rep. Beth Griffin of Mattawan which clears up language in existing law regarding lease-purchase agreements today was overwhelmingly advanced in a bipartisan vote by the Michigan House.Lease-purchase agreements provide school boards and intermediate school districts with flexibility when they are looking to lower operating costs through energy conservation or operational improvements. The agreement acts as a pay-as-you-go system, allowing districts to use money generated through energy savings to pay for an ongoing project or begin another.Griffin has expressed concern about interpretations of statute that are not consistent with the intent of the original bill – House Bill 4080, which became Public Act 23 of 2017 upon being signed by the governor.“There are school districts who have been told that these agreements only work if they are directly related to energy conservation,” Griffin said. “We needed this bill to clarify that this is an option that can be used for more broadly-defined operational improvements. The narrower the interpretation gets with the existing law, the less schools will actually be able to lower energy and operational costs and that means less money to go back into our classrooms.”Like its predecessor, HB 5238 does not mandate school districts to enter into lease-purchase agreements when considering improvements to facilities.“Schools are looking to get as much out of every dollar they spend and energy efficiency helps make that possible,” Griffin said. “This is merely a cost-saving program available to districts looking to make improvements. Every dollar saved and every cost avoided means more money for teachers and students.”HB 5238 previously received unanimous, bipartisan approval from the House Local Government Committee on Jan. 31 and now moves to the Senate for further consideration.last_img read more

Bob Stanzione Arris has agreed a 4K video gateway

first_imgBob StanzioneArris has agreed a 4K video gateway deal with cable giant Liberty Global, according to company CEO Bob Stanzione.Speaking on Arris’ quarterly earnings call, Stanzione said that Arris will provide Liberty with a gateway platform that supports 4K Ultra High Definition video, and that the deal will help Arris to further its “international market and portfolio expansion.”Asked to give further detail on the 4K Liberty deal, Arris’ president of customer premises equipment, Larry Robinson, said that the next generation platform programme that Arris is working on “should be applicable throughout a number of other properties and deployments.”Announcing its unaudited financial results for the fourth quarter and full year 2014, Arris said that it introduced several key products last year and “achieved important design wins” that are scheduled for launch later in 2015, without giving further details.IP, video and broadband technology company Arris reported a US$631.0 million (€554 million) order backlog at the end of the fourth quarter of 2014.The firm, which makes a wide range of network, access and home products – including set-top boxes and cable modems – said that the figure compares to an order backlog of US$538.6 million in the same quarter a year earlier and of US$594.1 million at the end of Q3 2014.Fourth quarter revenues were US$1.263 billion, compared to US$1.199 billion in the same quarter last year. GAAP net was US$1.29 per diluted share, compared to a net loss of US$0.02 per diluted share last year. However Arris said that comparisons to prior periods “may not be meaningful” as a result of its acquisition of Motorola Home, which closed on April 17, 2013.last_img read more