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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 2167.056: OPTION TO PURCHASE.

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Where this section sits in the code
  1. GOVERNMENT CODE
  2. TITLE 10. GENERAL GOVERNMENT
  3. SUBTITLE D. STATE PURCHASING AND GENERAL SERVICES
  4. CHAPTER 2167. LEASE OF SPACE FOR STATE AGENCIES
  5. SUBCHAPTER B. PROCEDURES FOR LEASING SPACE; LEASE CONTRACT

(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.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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