The director may from time to time, in the name of the state of Rhode Island, lease any property, whether improved or unimproved, acquired by purchase or by the process of law, and storage facilities, wharves, piers, bulkheads, docks, sheds, warehouses, and industrial locations within the director's charge, for such term or terms not exceeding twenty (20) years, except for the port of Galilee, in which property may be leased for a term of up to forty (40) years and for any rent and with such provisions and covenants as to the director shall seem to be advantageous to the state.
History of Section.
P.L. 1910, ch. 568, § 8; P.L. 1912, ch. 810, § 1; G.L. 1923, ch. 149, § 30; G.L. 1938, ch. 112, § 29; impl. am. P.L. 1939, ch. 660, § 100; G.L. 1956, § 46-5-10; P.L. 1979, ch. 251, § 2; P.L. 2001, ch. 39, § 1.