29A.58 - ARMORIES LEASED.
29A.58 ARMORIES LEASED.
The armory board as lessee, may lease property to be used for
armory purposes and other training of the national guard. Leases may
be made for any term not to exceed twenty years. Rents under such
leases shall be paid from funds appropriated for the support and
maintenance of the national guard.
The armory board as lessor or sublessor may, for a term not to
exceed twenty years, lease property under the control of the board
for purposes other than armory or military use when the leasing does
not interfere with the use of the property for military purposes. A
military operations fund is created in the state treasury. The
rental proceeds of property leased by the board shall be paid to the
adjutant general for deposit with the treasurer of state and credited
to a separate account of the military operations fund. The finance
officer of the office of adjutant general shall credit the
appropriate account with the rental revenue which each armory
produces. The revenue credited to each account is appropriated for
maintaining, improving and repairing the armory facility and utility
payments.
Where the armory board is lessee, leases made under the provisions
of this section may provide for an option to purchase the leased
property and may make provision for the application upon the purchase
price of rental payments made under the lease. Payments of special
tax assessments arising under such leases may be paid from funds
appropriated for the support and maintenance of the national guard.
Section History: Early Form
[C24, 27, 31, § 453; C35, § 467-f47; C39, § 467.49; C46, 50, §
29.49; C54, 58, 62, § 29.58; C66, 71, 73, 75, 77, 79, 81, § 29A.58;
81 Acts, ch 14, § 21]