(a) Notwithstanding Section 3965 or 4051, the board, without prior approval from the department, may arrange for and conduct, or cause to be conducted, or by contract permit to be
conducted, any activity by any individual, institution, corporation, or association
upon its property at a time as it may be deemed advisable, except for the following:
(1) Revenue-generating contracts involving hazardous activities, as determined by the department, unless adequate insurance coverage is provided, as determined by the department in consultation
with the Department of General Services.
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