Sec. 1401.083. RIGHTS TO FINANCED PROPERTY. (a) Property financed by the authority under Subchapter D does not become part of other property to which it is attached or affixed or into which it is incorporated, regardless of whether the other property is real or personal.
(b) A state agency has the rights of a lessee in property financed by the authority under Subchapter D. A person who claims under or through the agency may not acquire any greater rights with respect to the property.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1, 1999.
Structure Texas Statutes
Subtitle G - Specific Authority for State Government to Issue Securities
Chapter 1401 - Bonds for Certain Criminal Justice or Mental Health and Mental Retardation Facilities
Subchapter E. Revenue Bond Projects
Section 1401.081. Conditions for Beginning Project
Section 1401.082. Revenue Bond Repayment and Lease Agreement