Louisiana Revised Statutes 38:302 – Commercial lease of lands
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Terms Used In Louisiana Revised Statutes 38:302
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The boards of commissioners of the various levee districts may execute commercial leases of not over three years duration, except as provided in La. Rev. Stat. 38:320 on lands respectively owned or which may hereafter be acquired by the levee districts and levee and drainage districts for a cash consideration under the terms and conditions which the boards of commissioners of the levee districts and levee and drainage districts may deem best. The lease shall be subordinate to any lease hereafter made of the lands for oil, gas, or mineral development.
Acts 1985, No. 785, §1, eff. July 22, 1985.