PURCHASE OF BUILDING SUBJECT TO EXISTING LEASES.

Tex. GOV'T Code § 2116.072.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The comptroller may: (1) acquire a building that is subject to a lease by a private tenant and may continue or renew a lease for the building if the comptroller determines that doing so is advantageous to this state; and (2) renegotiate the terms of a lease described by Subdivision (1) to obtain terms that are more favorable to this state. Added by Acts 2021, 87th Leg., R.S., Ch. 981 (S.B. 2230 ), Sec. 2, eff. June 18, 2021.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements