California Government Code

§ 14672.51

GOV § 14672.51Div. 3 · Title 2 · Part 5.5 · Ch. 2 · Art. 2

Statute text

(a)Notwithstanding Section 14670, the Director of General Services, with the consent of the Department of Corrections, may lease to the City of Folsom for purposes of a water reservoir a parcel of approximately one and one-half acres of unimproved real property situated in the County of Sacramento within the grounds of the California State Prison at Folsom for a period of not to exceed 50 years.

(b)The consideration for the lease authorized by this section shall be payable solely in money and no payment in-kind shall be acceptable.

(c)The lease authorized by this section shall be for fair market value and shall not be renegotiated during its term. The lease shall be subject to periodic review every five years by the director who shall receive a report from the lessee and shall review that report to determine whether the purposes of the lease are being carried out.

Legislative history

Added by Stats. 1989, Ch. 146, Sec. 1.