Proposed Revisions to 1007
Board policy:
1. All leases of campus property for periods
exceeding in duration the period covered by the biennial budget, except housing
agreements, must be approved by the Board of Regents.
2. No lease shall exceed 20 years, including
options to renew.
3. Lease agreements shall contain a restriction
prohibiting the lessee from making material alterations or improvements on or
to the leased property without prior written authorization of the President or
Chancellor. Any
alterations or improvements must conform to the aesthetics of the campus.
History
Item 29-001-R1080, Lease of
Campus Property; Montana University System, October 31, 1980; Item 3-008-R1273
as revised April 13, 1981.
Cross reference
See Section 1003.3.
