Cal. Pub. Resources Code § 5063

Current through the 2023 Legislative Session.
Section 5063 - Appraisal of lands proposed to be leased; total amount of rent paid for entire term of lease

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.

Ca. Pub. Res. Code § 5063

Amended by Stats. 1967, Ch. 1054.