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Arizona Revised Statutes Title 15. Education § 15-1636. Lease of real property and improvements in research park; prohibited and permitted uses

Current as of January 01, 2025 | Updated by Findlaw Staff

A. The board shall not lease real property located in an area defined as a research park pursuant to § 35-701 unless the lease contains a covenant that prohibits unlimited manufacturing on the site and allows the board to enforce the covenant by appropriate means, which may include termination of the lease.

B. The board may take title to and lease improvements constructed on land located in an area defined as a research park pursuant to § 35-701 if the lease contains a covenant that restricts the use of the subject property to the uses permitted under this section. The lease shall allow the board to enforce the covenant by appropriate means, including termination of the lease. The board may lease unimproved lots or parcels located in an area defined as a research park pursuant to § 35-701 for any use by a lessee.

C. The requirements of subsection B of this section do not apply to improvements constructed before July 20, 1996 or to a lease entered into between the board and a lessee, subsidiary, successor, sublessee or assignee of a lessee, who originally entered into any lease with the board before July 31, 1996.

D. The subject property may be used only for the following purposes:

1. Laboratories, offices and other facilities for testing, consulting and information processing, related to research and development.

2. Production, assembly or sale of products pursuant to research and development activities.

3. Pilot plants in which processes planned for use in production elsewhere can be tested and assembled.

4. Regional or national headquarters of the lessee or its subsidiaries that are engaged in research and development or education activities.

5. Education and training facilities.

6. Operations required to maintain or support any permitted use, including maintenance shops, power plants, wastewater treatment facilities, the keeping of animals, machine shops, common area improvements and facilities and professional and commercial services supporting permitted uses, such as child development centers, food services and post office and mailing centers.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 15. Education § 15-1636. Lease of real property and improvements in research park; prohibited and permitted uses - last updated January 01, 2025 | https://codes.findlaw.com/az/title-15-education/az-rev-st-sect-15-1636/

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