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27-67-306. Leases.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-67-306. Leases.
(a) The State Highway Commission, as lessor, may execute lease or rental agreements covering real property, and any interest in that property, including without limitation the right-of-way of any state highway, owned or held by the commission, the use of which for highway purposes is not immediately contemplated, for periods not to exceed five (5) years, upon reasonable terms and conditions.
(b) Any building or other erection remaining on the real property at the expiration of the agreement shall be subject to removal upon thirty (30) days' notice at no expense to the state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-67-306
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:27-67-306
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0de923f41563dba8eae662d4868d7614de71f8d425fa9e4568bce067350a488d
Source location: content.xml paragraph 23355
Stored source content
27-67-306. Leases.
(a) The State Highway Commission, as lessor, may execute lease or rental agreements covering real property, and any interest in that property, including without limitation the right-of-way of any state highway, owned or held by the commission, the use of which for highway purposes is not immediately contemplated, for periods not to exceed five (5) years, upon reasonable terms and conditions.
(b) Any building or other erection remaining on the real property at the expiration of the agreement shall be subject to removal upon thirty (30) days' notice at no expense to the state.
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