SLS 10RS-2919 REENGROSSED 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 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 biannually to the state.14 SB NO. 799 SLS 10RS-2919 REENGROSSED 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 was prepared by J. W. Wiley. The following digest, which does not constitute a part of the legislative instrument, was prepared by Tammy Crain-Waldrop. 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 biannually to the state. Effective August 15, 2010. (Adds R.S. 41:1215.3) Summary of Amendments Adopted by Senate Senate Floor Amendments to engrossed bill. 1. Technical amendments by Legislative Bureau.