Texas Government Code 497.008 – Lease of Land
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Government Code 497.008
- 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
To further the expansion and development of prison industries, the department may lease prison land to a private business. A lease under this section may not exceed a term of 50 years. The business must lease the land at a mutually agreed upon price and may construct or convert plant facilities on the land.