TITLE: Relating to authorization for the sale of certain Texas Tech University property.

SUMMARY: Relating to authorization for the sale of certain Texas Tech University property.

FULL TEXT:
AN ACT relating to authorization for the sale of certain Texas Tech University property. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 109.054, Education Code, is amended to read as follows: 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. [However, the board may not sell any of the original main campus of Texas Tech University located in Lubbock, Lubbock County, unless the sale is approved by act of the legislature.] No grazing lease shall be made for a period of more than five years. SECTION 2. Section 109.0541, Education Code, is repealed. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.