Use of State Funds to Purchase or Improve Real Property Sample Clauses

Use of State Funds to Purchase or Improve Real Property. Any state funds provided for the purchase of or improvements to real property are contingent upon the Sub-Recipient or political subdivision granting to the state a security interest in the property at least to the amount of state funds provided for at least five (5) years from the date of purchase or the completion of the improvements or as further required by law.