39-17-9 - Lease of facility to nonprofit corporation. - Mississippi Statutes

§ 39-17-9. Lease of facility to nonprofit corporation.
 

The Department of Finance and Administration may lease the Mississippi Sports Hall of Fame and Dizzy Dean Museum for a period not exceeding twenty (20) years to a nonprofit corporation whose primary purpose for incorporation is the support and improvement of the Mississippi Sports Hall of Fame and Dizzy Dean Museum. The benefit to Mississippi from the operation of such lease shall be considered as sufficient consideration. The lease shall be executed for a nominal fee and it shall be presumed that such lease shall not amount to a donation of state property. 
 

Sources: Laws,  1993, ch. 489, § 5, eff from and after passage (approved April 1, 1993).