Texas Education Code 8.055 – Regional Education Service Center Property
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(a) Each regional education service center may purchase or lease property or acquire property through lease-purchase and may incur debts for that purpose. Any transaction under this subsection is subject to the approval of the board of directors.
(b) Any transaction under this subsection involving real property is subject to the approval of the board of directors and the commissioner.
Terms Used In Texas Education Code 8.055
- 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
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(c) Each regional education service center may dispose of property in the manner and on the terms that the board of directors determines.