Sec. 65.39. MANAGEMENT OF LANDS OTHER THAN PERMANENT UNIVERSITY FUND LANDS. The board of regents of The University of Texas System has the sole and exclusive management and control of the lands set aside and appropriated to, or acquired by, The University of Texas System. The board may sell, lease, 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 University of Texas System, not in conflict with the constitution. However, the land shall not be sold at a price less per acre than that at which the same class of other public land may be sold under the statutes. No grazing lease shall be made for a period of more than 10 years.
Acts 1971, 62nd Leg., p. 3147, ch. 1024, art. 1, Sec. 1, eff. Sept. 1, 1971.
Structure Texas Statutes
Subtitle C - The University of Texas System
Chapter 65 - Administration of the University of Texas System
Subchapter C. Powers and Duties of Board
Section 65.31. General Powers and Duties
Section 65.32. Removal of Officers, Etc
Section 65.36. Donations for Professorships and Scholarships
Section 65.37. Funds Received for Trust Services
Section 65.39. Management of Lands Other Than Permanent University Fund Lands
Section 65.41. Medical School Admission Policies
Section 65.42. Delinquent Accounts; Venue
Section 65.43. Sale of Obsolete Medical Equipment
Section 65.45. Science and Technology Development, Management, and Transfer
Section 65.46. Powers Related to Issuance of Bonds and Notes