20-6-609 Trustees' authority to acquire property by lease-purchase agreement

20-6-609 . Trustees' authority to acquire property by lease-purchase agreement. The trustees of a district may acquire real and personal property by an agreement to lease for up to 7 years for personal property and for up to 15 years for real property with an option to purchase. The terms of the lease must comply with 20-6-625 . If real property is acquired, the trustees shall comply with 20-6-603 .