Texas Senate Bill SB1652

Texas 2021 - 87th Regular

Caption

Relating to the release of a reversionary interest in certain real property by the Health and Human Services Commission and conditions related to that release.

Impact

The enactment of SB 1652 will allow the HHSC to execute the necessary documents to nullify the right of reverter related to the specified real property. This change is expected to facilitate the resolution of property rights issues that may hinder development or use of the land by Cap Rock Holdings. By expediting the release of such interests, the bill aims to provide clarity and promote more effective management of real estate associated with state commissions.

Summary

Senate Bill 1652 pertains to the release of a reversionary interest in certain real property by the Health and Human Services Commission (HHSC). The bill specifies an amendment to Section 1(a) of Chapter 54 (H.B. 2641) concerning a property located in Howard County, Texas. The property, held by Cap Rock Holdings, LLC, is released from the right of reverter that was previously stipulated in a deed, thereby transferring ownership rights to the party involved without further encumbrances. This release is mandated to occur no later than February 1, 2023, reflecting the urgency and necessity for the involved parties to finalize this arrangement without delay.

Contention

While the bill seems to primarily impact the specific property in Howard County, it reflects broader legal implications regarding the management of public properties and the authority of state agencies in dealing with real estate matters. Stakeholders might raise concerns about the transparency and conditions under which such interests are released. Therefore, the legislative discourse surrounding SB 1652 might also touch upon the policies governing property rights, ensuring that similar cases are handled with due diligence and oversight to protect public interests.