§206M-44 Special facility lease. (a) In addition to the conditions and terms set forth in this part, any special facility lease entered into by the development corporation shall at least contain provisions obligating the other party to the special facility lease:
Any moneys received by the development corporation pursuant to paragraphs (2) and (3) shall be paid into the technology special fund and shall not be nor be deemed to be revenues of the special facility.
(b) The term and all renewals and extensions of the term of any special facility lease (including any amendments or supplements thereto) shall not extend beyond the lesser of the reasonable life of the special facility that is the subject of the special facility lease, as estimated by the development corporation at the time of the entering into thereof, or thirty years.
(c) Any special facility lease entered into by the development corporation shall be subject to chapter 171 and shall contain other terms and conditions that the development corporation deems advisable to effectuate the purposes of this part. [L 2000, c 72, pt of §1; am L 2017, c 69, §5]