A lease described in this chapter:

1. (1) must be for consideration;
2. (2) must be for a period not in excess of thirty (30) years; and

3. (3) may contain other terms determined by the board of trustees of the state educational institution.

   [Pre-2007 Higher Education Recodification Citation: 20-12-10-1 part.]

As added by P.L.2-2007, SEC.272.