SF0078 - State land leases.
|
2001 |
State of Wyoming |
01LSO-0460 |
SENATE FILE NO. SF0078
State land leases.
Sponsored by: Senator(s) Case and Larson and
Representative(s)
Law and Shivler
A BILL
for
1 AN ACT relating to state
lands; eliminating maximum term
2 limit
on industrial, commercial and recreational leases;
3
authorizing residential leases; modifying rental value
4
determinations as specified; and providing for an effective
5
date.
6
7 Be It Enacted by the Legislature of the State of Wyoming:
8
9 Section
1. W.S. 36-5-114(a) and (c) is amended to
10 read:
11
12 36-5-114. Leasing for industrial,
commercial,
13 residential and recreational purposes; authority; rental
14 fees.
15
Page 1
1 (a) The board
of land commissioners may lease for a
term of not more than twenty-five
(25) years, with a
preferential right to renew for
successive like periods,
5
recreational purposes. Lessees shall have a
preferential
6 right to renew their lease.
7
8 (c) The board
shall fix a rental value on the basis
of a definite amount per acre based
upon of not less than
10 fair market value of each use of the land.
If the land to
11 be leased under this subsection was
originally acquired by
12 the state for the benefit of the common
school permanent
13 land fund, and is to be used by a Wyoming
school district
14 for the construction and maintenance of
school buildings
15 and facilities, the board may assess an
annual rental fee
16 of one hundred dollars ($100.00) per acre or
not less than
17 fair market value, whichever is less.
18
19 Section 2. This act is
effective immediately upon
20 completion of all acts necessary for a bill
to become law
21 as provided by Article 4, Section 8 of the
Wyoming
22 Constitution.
23
24 (END)
Page 2