SLS 10RS-2919 ENGROSSED Page 1 of 2 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 Page 2 of 2 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)