Cal. Ed. Code § 81433

Current through the 2023 Legislative Session.
Section 81433 - Lease provisions providing for purchase by community college district lessee

In any lease made pursuant to this article, it shall be competent to provide that the community college district lessee may purchase the property at an agreed purchase price and that rental paid for the use of the property shall be applied in whole or in part upon the purchase price. The district lessee may cancel the lease at the end of any budgetary year, and in such case shall not be obligated to complete the lease and shall be released from all obligations thereunder.

Ca. Educ. Code § 81433

Enacted by Stats. 1976, Ch. 1010.