Lease of land by executive branch--Period of lease--Renewal--Amount

The executive branch may lease land for a period not to exceed five years, subject to one renewal for an additional period not to exceed five years upon approval of the board or department involved in the lease. The lease shall be made for an amount established by appraisal by the commissioner of school and public lands. Source: SL 1976, ch 7, § 4; SL 1989, ch 20, § 55.