§ 67-4229B — HARRIMAN STATE PARK — FINANCING IMPROVEMENTS

Notwithstanding any law to the contrary, the board is authorized to enter into a lease-purchase obligation or other financing obligation, in a principal amount not to exceed five hundred thousand dollars ($500,000), for the design, construction and equipping of facilities for public recreational use within Harriman state park, under terms, conditions and covenants as the board may approve by resolution. The purpose of the facilities is to provide educational and recreational opportunities for park users while generating revenue to assist with operation of the park. The park trust fund for Harriman state park, or so much of that fund as may be required in the judgment of the board, is continuously appropriated for the purpose stated in this section. Any obligation entered into shall be payable solely from user fees for the facilities within Harriman state park deposited into the park trust fund for Harriman state park and shall not be a debt or obligation of the state. The holder or holders of the debt or obligation shall not have the right to compel any exercise of the taxing power of the state to pay the debt or obligation or the interest on the debt or obligation.

Legislative History

[67-4229B, added 1998, ch. 75, sec. 1, p. 273.]