Sec. 109.054.  MANAGEMENT OF LANDS.  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.
Added by Acts 1975, 64th Leg., p. 1248, ch. 471, Sec. 1, eff. Sept. 1, 1975.  Amended by Acts 1983, 68th Leg., p. 719, ch. 166, Sec. 1, eff. May 20, 1983.  Renumbered from Education Code Sec. 109.48 by Acts 1987, 70th Leg., ch. 167, Sec. 5.01(a)(22), eff. Sept. 1, 1987.
Transferred, redesignated and amended from Education Code, Section 109.54 by Acts 2015, 84th Leg., R.S., Ch. 1173 (S.B. 907), Sec. 5, eff. June 19, 2015.
Amended by: 
Acts 2019, 86th Leg., R.S., Ch. 842 (H.B. 2709), Sec. 1, eff. June 10, 2019.