HB0193 - State lands-lease terms and purposes.
State of Wyoming
HOUSE BILL NO. HB0193
State lands-lease terms and purposes.
Sponsored by: Representative(s) Shivler and Law and
1 AN ACT relating to state
lands; modifying the term and
2 purposes of state land leases; requiring rulemaking to
3 establish rental fees for lands leased for affordable
4 housing purposes; and providing for an effective date.
6 Be It Enacted by the Legislature of the State of Wyoming:
11 36-5-114. Leasing for industrial,
12 recreational, residential and affordable housing purposes;
13 authority; rental fees.
15 (a) The board
of land commissioners may lease,
for a 16
term of not more than twenty-five (25) years, with
right to renew,
for successive like periods, 2 state lands for industrial, commercial,
3 residential and affordable housing purposes. The board
4 shall by rule and regulation establish criteria for
5 determining affordable housing under this section.
7 (c) Except as otherwise provided in this subsection,
8 the board shall fix a rental value on the basis of a
9 definite amount per acre based upon not less than fair
10 market value of each use of the land. If the land to be
11 leased is for affordable housing purposes, the board shall
12 by rule and regulation establish criteria for determining
13 the rental value of state lands leased under this section.
14 If the land to be leased under this subsection was
15 originally acquired by the state for the benefit of the
16 common school permanent land fund, and is to be used by a
17 Wyoming school district for the construction and
18 maintenance of school buildings and facilities, the board
19 may assess an annual rental fee of one hundred dollars
20 ($100.00) per acre or not less than fair market value,
21 whichever is less.