The Florida Senate

250.42  Armory Board; authority to convey, lease, or release certain lands or acquire, renovate, or construct certain facilities.--

(1)  The Armory Board may convey, lease, or release any lands under its ownership, supervision, or control which are in the opinion of said board not required for military uses.

(2)  The Armory Board may acquire, renovate, or construct facilities throughout the state to be used as armories by the Florida National Guard. To that end, the Armory Board may enter into a lease-purchase, sale-leaseback, or tax-exempt leveraged lease contract or other financing arrangement for the acquisition, renovation, or construction of such a facility. The exercise of any such financial option for these purposes shall be subject to authorization by the appropriations act. Each capital outlay project or other contract, agreement, or transaction under this subsection shall also require specific legislative approval.

History.--ss. 1, 2, ch. 20717, 1941; s. 1, ch. 25112, 1949; s. 2, ch. 89-119.

Note.--Former s. 250.75.