Sec. 7-329p. Lease of facilities.
Sec. 7-329p. Lease of facilities. Any municipality, governmental unit or person
is empowered to enter into and perform any lease or other agreement with any port
authority for the lease to or use by such municipality, governmental unit or person of
all or any part of any port facility or facilities. Any such lease or other agreement may
provide for the payment to the port authority by such municipality, governmental unit
or person, annually or otherwise, of such sum or sums of money, computed at fixed
amounts or by any formula or in any other manner, as may be so fixed or computed.
Any such lease or other agreement may be made and entered into for a term beginning
currently or at some future or contingent date and with or without consideration and for
a specified or unlimited time and on any terms and conditions which may be approved
by such municipality, governmental unit or person and which may be agreed to by the
port authority in conformity with its contracts with the holders of any bonds, and shall
be valid and binding on such municipality, governmental unit or person whether or not
an appropriation is made thereby prior to authorization or execution of such lease or
other agreement. Such municipality, governmental unit or person shall do all acts and
things necessary, convenient or desirable to carry out and perform any such lease or
other agreement entered into by it and to provide for the payment or discharge of any
obligation thereunder in the same manner as other obligations of such municipality,
governmental unit or person.
(P.A. 98-240, S. 16.)