§266-53 - Findings and determination for special facility leases.
§266-53 Findings and determination
for special facility leases. The department shall not enter into any
special facility lease unless the department shall first find and determine
that:
(1) The special facility which is to be the subject
of such special facility lease will not be used to provide services,
commodities, supplies, or facilities which are then adequately being made
available through the harbors system of the State;
(2) The use or occupancy of the special facility
under such special facility lease would not result in the reduction of the
revenues derived from the harbors system to an amount below the amount required
to be derived therefrom by section 39-61; and
(3) The entering into of such special facility lease
would not be in violation of or result in a breach of any covenant contained in
any resolution or certificate authorizing any bonds of the State and the
department then outstanding. [L 1980, c 126, pt of §2; am L 1993, c 2, §2 and c
212, §2]