§ 27-67-306 - Leases. - Arkansas Statutes

27-67-306. Leases.

(a) The State Highway Commission, as lessor, is authorized and empowered to execute lease or rental agreements covering real property owned or held by the commission, the use of which for highway purposes is not immediately contemplated, for periods not to exceed one (1) year, upon reasonable terms and conditions.

(b) Any building or other erection remaining thereon at the expiration of the agreement shall be subject to removal upon ten (10) days' notice at no expense to the state.