§ 37-7-9. Concessions, leases, and licenses — Reports.
(a) The acquiring authority, with the approval of the state properties committee, is authorized
and empowered, when it shall serve the public purpose, to grant concessions in or
to lease or license any land or building or structure, a part or portion of any governmental
facility, public work, or public improvement for industrial or commercial purposes
for a term or terms not exceeding in the aggregate in any one case twenty (20) years;
provided, however, that real property, buildings, and facilities owned by the state
at the Port of Galilee may be leased for a term of up to forty (40) years for commercial
fishing industry-related purposes; and provided further, however, that certain real
property, buildings, and facilities owned by the state located on Indian Point with
a 2012 address of 25 India Street in the city of Providence may be leased for a term
of up to forty (40) years for commercial, public recreation, marina, and redevelopment
purposes; provided, however, that real property, buildings, and facilities owned by
the department of environmental management may be leased for a term not to exceed
forty (40) years for the purpose of facilitating private investment in buildings or
infrastructure for public recreation, or to develop or sustain a natural resource-based
industry and where the useful life of the investment exceeds twenty-five (25) years;
and provided further, however, that certain real properties, buildings, and facilities
owned by the state in the city of Providence known as the Union Station properties,
which properties have been conveyed from time to time to the state by the consolidated
rail corporation and others, may be leased for a term of up to forty (40) years for
office, commercial, service, transportation, or other related purposes; and provided
further, however, that real property, buildings, and facilities owned by the state
may be leased for a term of up to forty (40) years for the development of cogeneration
projects which involve the simultaneous generation of electricity and thermal energy
(steam and hot water) and for eligible renewable energy resources as defined in § 39-26-5(a)(i) through (v); and further provided, however, that in the event of a mobile home lease
agreement or site lease agreement, wherein such mobile home is contiguous to a resident-owned
mobile home park, the state properties committee may enter into a lease or grant concessions
to or license any land or building for a period not to exceed thirty (30) years; and
provided further, however, that real property, buildings, and facilities owned by
the state may be leased for a term of up to ninety-nine (99) years for the development
of railroad layover facilities, contingent on the lease requiring the lessee to provide
commuter rail service within the state of Rhode Island, as set forth by the state;
and provided further, however, that real property, buildings, and facilities owned
by the state at the Quonset state airport may be leased to the United States Air Force
for a term not to exceed forty (40) years for the purpose of making improvements to
infrastructure thereon. All agreements, contracts, and other instruments granting
concessions or leasing or licensing facilities shall contain such conditions, rules,
restrictions, and regulations as the state purchasing agent shall deem suitable or
necessary and shall be approved, as to substance, by the director of administration,
and, as to form, by the attorney general.
(b) Whenever property that is subject to the provisions of this chapter is leased by the
state, the lessee shall report on a semi-annual basis the amount of income revenue
generated by the leased property. The report shall be made to the state properties
commission and copies shall be provided to both the house and senate fiscal staffs
and the governor. These requirements shall be contained in the lease between the lessor
and the lessee with approval of the state properties committee.