§ 5003.17
237 words·~1 min read·
/ca/public-resources-code/5003-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The department may lease, for any use, all or any portion of any parcel of real property acquired for state park system purposes, if the director finds that the use would be compatible with the use of the real property as a unit or part of a unit and with the sound management and conservation of resources within the unit.
(b)Rent shall be based on the fair market value of the property when used for the purpose for which it is leased. All rent shall be deposited pursuant to Section 5010.
(c)The lease term shall not exceed 10 years. All leases are subject to the approval of the Department of General Services, unless the approval is waived by the department.
(d)A lease shall not be entered into that extends beyond the 10-year period unless both of the following conditions are met:
(1)At least 30 days’ prior written notice of the proposed lease, including a copy of the proposed lease, has been provided by the director to the Joint Legislative Budget Committee.
(2)The director has included with the proposed lease sufficient documentation to enable the Joint Legislative Budget Committee to determine whether the lease conforms to the requirements of this article and to evaluate fully all terms upon which the lease is proposed to be let, including the amount of the rent and other revenues that may be generated under the lease.