5-14-22. Sale or lease of real property for public purpose or industrial development–Authorization of lease–Legislature to approve sales.
The state may lease or sell on a negotiated basis and convey any of its real property to a municipality or county, or to a nonprofit local industrial development corporation as defined by §5-14-23 and located therein, to be used by such grantee for an authorized public purpose or industrial development purpose as enumerated in §9-54-1. The lease shall be authorized on the terms and in the manner provided by the Legislature. Each sale is subject to approval by an act of the Legislature.
Source: SL 1976, ch 63, §1; SL 1977, ch 48, §1; SL 2011, ch 2, §46.