A. If property at a public postsecondary education institution is leased to a nonprofit corporation or association for the purpose of holding a fundraising event, the lease may authorize and provide for the auction and sale of firearms at the event.
B. Any such lease shall include at a minimum the following conditions:
(1) The firearms to be auctioned are exhibited in a static display at the event.
(2) Campus security is present at the event.
(3) The event shall be held indoors.
(4) The firearms to be auctioned are equipped with a safety lock or other safety feature that renders the firearm nonoperational.