TITLE 2: NATURAL RESOURCES
DIVISION 4: LAND RESOURCES
§ 4714. Payments for Improvements by Tenants. (a) In the case of the building structure or other improvements owned by the tenant on real property acquired for a project to which this article applies the government will, subject to subsection (b) of this section, pay the tenant the larger of: (1) The fair market value of the improvement (as established by the government’s appraiser), assuming its removal from the property; or (2) The enhancement to the fair market value of the real property. (b) Payments will also be made for improvements that are damaged as well as those which must be removed. (c) A payment may not be made to a tenant under subsection (a) of this section unless: (1) The tenant, in consideration for the payment, assigns, transfers and releases to the government all the tenant’s rights, title and interest in the improvements; (2) The owner of the land involved disclaims any interest in the improvements; or (3) The payment is not duplicated by any payment otherwise authorized by law or regulation. Source: 67 TTC § 454.