California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 5. PARKS AND MONUMENTS |
Chapter 1. State Parks and Monuments |
ARTICLE 5. Lease Contracts for Park and Recreational Areas |
Section 5063.
Latest version.
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Before entering into any such lease contract, the lands proposed to be leased shall be appraised by the Department of General Services to determine the fair market value of the lands. The total amount of rental to be paid for the entire term under any lease contract shall not be in excess of the fair market value of the lands, as determined by the Department of General Services. The Director of General Services shall deliver one copy of the appraisal to the Department of Parks and Recreation.
(Amended by Stats. 1967, Ch. 1054.)