Section 81553 Of Article 16. Leasing Of Equipment From California Education Code >> Division 7. >> Title 3. >> Part 49. >> Chapter 2. >> Article 16.

. As a lessor, a community college district governing board is authorized to let, or let with option to purchase, any land, buildings, or equipment it determines is not needed for school purposes for a term extending to the end of the expected nonuse of the land, buildings, or equipment and under any conditions it deems reasonable. All such leases and leases with options to purchase to nonpublic agencies or individuals shall comply with the provisions of Sections 81450, 81452, 81453, and 81454.