§ 37-7-5. Lease or sale of land acquired by purchase, devise or gift — Permitting use by others.
(a) The acquiring authority, with the approval of the state properties committee, is authorized
and empowered to rent or lease for a period not exceeding ten (10) years with an option
for one renewal for a further period of ten (10) years any land or other real property
acquired by purchase, devise, or gift as may not for the time be required for public
use in such manner and upon such terms and conditions as may, in the judgment of the
state purchasing agent, be most advantageous to the public interest. Provided, however,
that with the approval o
Free access — add to your briefcase to read the full text and ask questions with AI
§ 37-7-5. Lease or sale of land acquired by purchase, devise or gift — Permitting use by others.
(a) The acquiring authority, with the approval of the state properties committee, is authorized
and empowered to rent or lease for a period not exceeding ten (10) years with an option
for one renewal for a further period of ten (10) years any land or other real property
acquired by purchase, devise, or gift as may not for the time be required for public
use in such manner and upon such terms and conditions as may, in the judgment of the
state purchasing agent, be most advantageous to the public interest. Provided, however,
that with the approval of the state properties committee, the Rhode Island board of
governors for higher education may enter into ground leases for real property owned
by the board for a period not exceeding ninety-nine (99) years with four (4) options
for renewal for a further period of ninety-nine (99) years each for educational and
other purposes consistent with the mission of the institution. The acquiring authority,
with the approval of the state properties committee, is hereby authorized and empowered
to sell land or property in whole, or in part, in such manner and upon such terms
and conditions as may in the judgment of the state purchasing agent be most advantageous
to the public interest, and convey the land or property by proper deed or instrument;
provided, however, that the acquiring authority shall first offer the land or property
for sale to the city or town wherein the land or property is situated at the fair
market value of the property. A first right to purchase the land or property shall
be conclusively presumed to have been waived in the event a written offer to sell
the land or property, containing the terms of the offer, shall have been sent by registered
or certified mail to the city or town clerk, as the case may be, wherein the land
and property are situated and the offer shall not have been accepted within thirty
(30) days from the date of the mailing. In the event that the city or town wherein
the land or property is situated shall refuse to buy the property or land or waive
its right to the first option to purchase, then, in that event the acquiring authority
shall be at liberty to sell the land or property to the highest bidder at public sale
after advertising the time, place, and conditions of the sale at least once a week
for at least three (3) weeks preceding the sale in at least one newspaper published
in the county in which the land or property is situated. The acquiring authority may
at any time, with the approval of the governor, after notice to the state properties
committee, permit the use of any land or property to the government of the United
States or to any town or city within the state of Rhode Island, and may, if the governor
declares the necessity therefor by reason of any emergency, allow the temporary use
of the land or property to any person, persons, association, or corporation.
(b) The acquiring authority is hereby authorized to execute proper deeds and other instruments
of conveyance and demise for land or other real property sold or leased which deeds
and instruments shall in each case be approved as to substance by the director of
administration and as to form by the attorney general.