CAL(LOCAL) - APPROPRIATIONS AND REVENUE SOURCES: SALE, TRADE, OR LEASE OF COLLEGE-OWNED PROPERTY

The Board delegates to the College President the authority to negotiate the lease of College District property or office space to another political subdivision or an agency of a state or federal government in accordance with state law.

The College President shall report the terms of any new lease to the Board.

Routine Real Estate Items

The College President may approve on behalf of the College District, easements and other agreements regarding real property owned or leased by the College District, provided they are minor in nature and have been subject to consultation with legal counsel. The Board shall be notified in writing of items approved by the College President before its next regular meeting. This authorization does not extend to the purchase, lease, or sale of real property or to covenants or restrictions.

Austin Community College

CAL(LOCAL)-X

LDU 2017.03

DATE ISSUED: 11/20/2017