Sec. 2167.056. OPTION TO PURCHASE. (a) If the commission considers it advisable, the commission may lease space for a state agency under a contract that contains an option for the commission to purchase the space subject to the legislature's appropriation of money for the purchase.
(b) A lease contract containing the option must indicate:
(1) the amount that will accumulate and be credited toward the purchase at various times during the lease term; and
(2) the purchase price of the property at the beginning of each fiscal biennium during the lease term.
Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle D - State Purchasing and General Services
Chapter 2167 - Lease of Space for State Agencies
Subchapter B. Procedures for Leasing Space; Lease Contract
Section 2167.051. Leasing Space From Another Governmental Entity
Section 2167.052. Leasing Space From Private Source
Section 2167.053. Leasing Space Through Competitive Bidding
Section 2167.054. Leasing Space Through Competitive Sealed Proposals
Section 2167.0541. Use of Private Firms to Obtain Space