authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.
Signed by the Governor on 07/02/2026; Chapter 257; Effective 08/31/2026
Summary
The bill gives the department authority to lease or license any land or facilities it owns, but leases longer than seven years need the governor’s and council’s sign‑off. When the property is leased to entities that are not tax‑exempt, the municipality can charge normal property taxes, and the lessee is responsible for paying them. It also creates a dedicated, non‑lapsing property fund to handle revenues and expenses related to these activities.
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