The board has the sole and exclusive management and control of lands set aside and appropriated to or acquired by the institutions under its governance. The board may lease, sell, exchange, acquire, dispose of, and otherwise manage, control, and use the lands in any manner and at prices and under terms and conditions the board deems best for the interest of the institutions. No grazing lease shall be made for a period of more than five years.
Tex. Educ. Code § 109.054
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 842,Sec. 1, eff. 6/10/2019.Renumbered from Tex. Educ. Code § 109.54 by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1173,Sec. 5, eff. 6/19/2015.Amended by Acts 1983, 68th Leg., p. 719, ch. 166, Sec. 1, eff. 5/20/1983. Renumbered from Education Code Sec. 109.48 by Acts 1987, 70th Leg., ch. 167, Sec. 5.01(a)(22), eff. 9/1/1987.Added by Acts 1975, 64th Leg., p. 1248, ch. 471, Sec. 1, eff. 9/1/1975.