Louisiana 2010 2010 Regular Session

Louisiana Senate Bill SB799 Engrossed / Bill

                    SLS 10RS-2919	ENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010
SENATE BILL NO. 799 (Substitute of Senate Bill No. 741 by Senator B. Gautreaux)
BY SENATOR B. GAUTREAUX 
LEASES.  Authorizes the lease of certain state property in Orleans Parish.  (8/15/10)
AN ACT1
To enact R.S. 41:1215.3, relative to the leasing of certain state property; to provide for the2
property description; to provide for terms and conditions; to provide for the uses of3
the property subject to the lease; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1.  R.S. 41:1215.3 is hereby enacted to read as follows: 6
Notwithstanding with any other provision of law to the contrary, the7
secretary of the Department of Culture, Recreation and Tourism and the8
commissioner of administration are hereby authorized and empowered to enter9
into a lease of all or any portion of the state owned property north of Highway10
90 at Fort Pike to the Rigolets Marina Inc. The lease shall provide for the uses11
of the property and the lease shall be subject to approval by the federal12
government.  The compensation received by the state shall be at least five13
percent of the appraised value of the property to be paid bi-annually to the14
state.15 SB NO. 799
SLS 10RS-2919	ENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by J. W. Wiley.
DIGEST
B. Gautreaux (SB 799)
Proposed law authorizes the Dept. of CRT to enter into a lease of all or any portion of the
state owned property north of Highway 90 at Fort Pike to the Rigolets Marina Inc.
Proposed law provides that the lease will provide for the uses of the property and the lease
will be subject to approval by the federal government.  Further provides that the
compensation received by the state will be at least 5% of the appraised value of the property
to be paid bi-annually to the state.
Effective August 15, 2010.
(Adds R.S. 41:1215.3)