Georgia Statutes
§ 50-16-7 — Improvement of real estate held by state in fee simple with reversionary interest in federal government or under long-term federal license
Georgia·Title 50
(a)As used in this Code section, the term "long-term federal license" means a license under which the state holds real estate belonging to the federal government for a period of ten years or longer.
(b)Any real estate held by the state in fee simple or under a quitclaim deed with a reversionary interest in the federal government or under a long-term federal license with a reversionary interest in the federal government may be improved with funds appropriated for a state department, provided the commissioner of the department affected and the Office of Planning and Budget, consisting of the Governor and state auditor, consent to the use of such funds if the amount of funds to be appropriated exceeds $1,000.00. If the amount of the improvement funds to be appropriated is $1,000.00 or less,
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Georgia § 50-16-7 (Improvement of real estate held by state in fee simple with reversionary interest in federal government or under long-term federal license) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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