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    • Legislation USA
    • Mississippi Code
    • Title 31 - Public Business, Bonds and Obligations
    • Chapter 8 - Acquisition of Public Buildings, Facilities, and Equipment Through Rental Contracts
    • § 31-8-5. Option to purchase

    Mississippi Code
    Chapter 8 - Acquisition of Public Buildings, Facilities, and Equipment Through Rental Contracts
    § 31-8-5. Option to purchase

    All such leases shall contain an option granting to the county or municipality the right to purchase the leased property upon the expiration of the primary term, or upon such earlier date as may be agreed upon, at a price not to exceed the unpaid principal balance at such time.

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    Structure Mississippi Code

    Mississippi Code

    Title 31 - Public Business, Bonds and Obligations

    Chapter 8 - Acquisition of Public Buildings, Facilities, and Equipment Through Rental Contracts

    § 31-8-1. Legislative purpose; construction of chapter

    § 31-8-3. Purposes for which counties and municipalities may lease facilities

    § 31-8-5. Option to purchase

    § 31-8-7. Lease of real property by municipality to private concern for construction or renovation of buildings or facilities; subleases to United States Postal Service or to any other state or federal agency

    § 31-8-9. Term of lease; pledge of full faith and credit; limitation of obligation to money appropriated

    § 31-8-11. Notice of intent to lease; protest; election; advertisement of lease agreement; award of lease

    § 31-8-13. Full and complete authority for leases

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