New Hampshire Revised Statutes 216-A:3-n – Financial Analysis Required
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I. The director of the division of parks and recreation shall retain an independent financial consulting firm to conduct a written analysis of a lease proposal for the lease of state park property, operations, or management and render an opinion as to the financial viability of the lease proposal if:
(a) The lease term is for a minimum of 10 years; and
(b) The lease is for the entirety or majority of the state park or its facilities and improvements, or is for the entirety or majority of the state park operation or management; or
(c) The lease is to enable significant capital investment in the state park.
II. A proposed or existing lessee shall be liable for the cost of the financial analysis under paragraph I if so required by the director of the division of parks and recreation.
(a) The lease term is for a minimum of 10 years; and
Terms Used In New Hampshire Revised Statutes 216-A:3-n
- 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 different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(b) The lease is for the entirety or majority of the state park or its facilities and improvements, or is for the entirety or majority of the state park operation or management; or
(c) The lease is to enable significant capital investment in the state park.
II. A proposed or existing lessee shall be liable for the cost of the financial analysis under paragraph I if so required by the director of the division of parks and recreation.