1232.071 – RELATIONSHIP TO PREVIOUS BOARD. (a) The Texas
Texas Government Code § 1232.071
Summary
This law establishes that the Texas Public Finance Authority takes over ownership and obligations from the Texas Public Building Authority. It ensures continuity in property ownership and contract responsibilities for leases or rentals previously held by the former authority.
Texas Public Finance Authority succeeds Texas Public Building Authority's property ownership.
All previous lease or rental contracts are now obligations of the Texas Public Finance Authority.
Continuity of obligations ensures no disruption in property management.
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In simple terms: Learn about Texas's RELATIONSHIP TO PREVIOUS BOARD. (a) The Texas law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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