Sec. 161.072. LEASE BY BOARD. (a) The board may lease any property that it owns on terms it considers proper.
(b) A lease for agricultural and grazing purposes is subject to cancellation on the sale of the property to a veteran.
(c) The board may execute oil, gas, and mineral leases on land purchased by it before it sells the land by following the same procedure provided for the school land board in the lease of public school land.
Acts 1977, 65th Leg., p. 2658, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Subchapter C. Powers and Duties
Section 161.061. General Duties of Board
Section 161.062. General Duties of Commissioner
Section 161.064. Board Authority to Make Investigations
Section 161.065. Oaths; Books, Records, and Documents
Section 161.066. Subpoena Duces Tecum
Section 161.067. Forfeiture of Charter and Rights
Section 161.068. Form of Instruments
Section 161.070. Additional Fees
Section 161.072. Lease by Board
Section 161.073. Contracts With Private Entities
Section 161.074. Bond Enhancement Agreements
Section 161.075. Information for Lending Institutions
Section 161.076. Memorandum of Understanding
Section 161.077. Communications Center