Sec. 2116.072. PURCHASE OF BUILDING SUBJECT TO EXISTING LEASES. 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.
Structure Texas Statutes
Subtitle C - State Accounting, Fiscal Management, and Productivity
Chapter 2116 - Texas Bullion Depository
Subchapter C. Acquisition of Real Property for Depository
Section 2116.071. Acquisition of Real Property
Section 2116.072. Purchase of Building Subject to Existing Leases
Section 2116.073. Leasing Property and Use of Lease Proceeds
Section 2116.074. Title to and Control of Real Property
Section 2116.075. Borrowing Money; Issuing and Selling Bonds