Notwithstanding any other provision of law to the contrary, the secretary of the Department of Culture, Recreation and Tourism and the commissioner of administration are hereby authorized and empowered to enter into a lease of all or any portion of the state owned property north of Highway 90 at Fort Pike to the Rigolets Marina Inc.  The lease shall provide for the uses of the property, and the lease shall be subject to approval by the federal government.  The compensation received by the state shall be at least five percent of the appraised value of the property to be paid biannually to the state.

Acts 2010, No. 678, §1.