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A BILL TO BE ENTITLED
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AN ACT
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relating to the granting or renewal of certain easements on or |
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leases of certain university land. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 66.46, Education Code, is amended by |
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adding Subsection (c-1) and amending Subsection (d) to read as |
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follows: |
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(c-1) The board of regents may grant or renew an easement on |
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or lease of university land for new electric or telephone |
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facilities, or for the extension of existing electric or telephone |
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facilities, that are eligible for financing under the Rural |
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Electrification Act of 1936 (7 U.S.C. Section 901 et seq.) without |
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regard to whether the grantee or lessee applied for financing of the |
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facilities under that Act. |
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(d) An easement under this section may not be granted for a |
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term that is longer than 10 years, but the easement may be renewed |
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by the board of regents. The rent to be charged for an easement |
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under this section shall be an amount agreed to by the grantee and |
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the board, except that any annual privilege fee for an easement |
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under Subsection (c-1) may not exceed 2-1/2 cents a lineal rod a |
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year. |
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SECTION 2. This Act takes effect September 1, 2009. |