Section 55. Authority to lease land

1.  The  corporation  is  hereby
  authorized, after review and comment by the commission as to consistency
  with the canal recreationway  plan  approved  pursuant  to  section  one
  hundred  thirty-eight-c  of  this  chapter  and  section  three  hundred
  eighty-two of the public authorities law, to enter into leases of  canal
  lands,  canal  terminals,  and canal terminal lands which are consistent
  with the canal recreationway plan. Such  review  and  comment  shall  be
  provided  within  the  time  period  set  forth in the procedures of the
  commission established pursuant to section one hundred thirty-eight-b of
  this chapter which shall be no more than sixty days.
    2. Lands to be leased shall be determined by the corporation  to  have
  no essential purpose for navigation.
    3.  Leases  of  canal  lands, canal terminals and canal terminal lands
  shall be for purposes which are consistent with the New York state canal
  recreationway  plan   approved   pursuant   to   section   one   hundred
  thirty-eight-c  of  this chapter and section three hundred eighty-two of
  the public authorities law.
    4. The corporation shall consider  fully  completed  applications  for
  leases  of canal lands, canal terminals and canal terminal lands in such
  form and manner as the corporation shall prescribe.
    5. Canal lands, canal terminals and canal terminal  lands  within  the
  Adirondack park shall not be leased.
    6.  The  corporation  shall  provide  assistance, including reasonable
  access to lands, as may be necessary to assist potential  applicants  in
  preparing an application.
    7.  The  corporation  may  require an applicant for a lease to provide
  necessary property surveys, environmental studies, maps and photographs,
  site plans and such other documents and studies as the  corporation  may
  determine  to  be  necessary  to ascertain the compatibility of proposed
  development with the New York state canal recreationway plan and for the
  corporation to select a qualified lessee.
    8. Revenues realized from the lease of canal  lands,  canal  terminals
  and canal terminal lands shall be deposited into the canal fund.