Missouri Laws 253.290 – Leases for development and operation of resort facilities — rentals
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 253.290
- Department: the department of natural resources. See Missouri Laws 253.010
- Land: upland, land under water, the water itself and every estate, interest and right, legal or equitable in land or water. See Missouri Laws 253.010
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
The director of the department of natural resources may grant leases for the development, construction, maintenance and operation of resort and related facilities on federal reservoir lands purchased, leased, or licensed by the state from the federal government for a period of not to exceed fifty years. The consideration for the lease shall be based upon a specified annual rental for each acre plus a percentage of the gross business done on the land.