§ 23-52-107 — Board of trustees empowered to lease grounds

(1) Repealed.

(2) On and after September 1, 2002, for the purpose of providing dormitories,
living and dining halls, or cottages and equipment for the use of the college, and to
enable the construction, financing, and ultimate acquisition thereof, and to aid in
improving undeveloped portions of the grounds of the Fort Lewis college, the board
of trustees is empowered to lease grounds under its control to private persons or
corporations for a term not exceeding fifty years and subject to such regulations as
it may prescribe and upon the condition that such private persons or corporations
shall construct and equip on such leased grounds such buildings or improvements
as the board of trustees designates or approves and secure reimbursement for
money invested therein from the rentals of such buildings or from their sale to the
board of trustees acting for the state.

Legislative History

Source: L. 76: Entire section added, p. 577, � 1, effective April 5. L. 2002: Entire section amended, p. 1257, � 11, effective July 1; entire part amended, p. 1243, � 11, effective August 7.