Tex. Gov't Code § 2166.454 · Subchapter J. ACQUISITION OF EXISTING BUILDINGS
PURCHASING OR OBTAINING MORE FAVORABLE LEASE WITH OPTION TO PURCHASE AGREEMENTS WITH REGARD TO CERTAIN LEASED SPACE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
For expiration of Section 2166.454, see Subsection (c).
(a) This section and Sections 2166.4541 and 2166.4542 apply only in relation to space currently occupied by a state agency under one of seven lease with an option to purchase agreements:
(1) entered into by the state before December 1994, for the benefit of the Texas Commission on Environmental Quality or its predecessor agency, the office of the attorney general, the successor of the Department of Human Services, the Department of Family and Protective Services, or the Texas Department of Transportation; and
(2) under which the state may acquire title to the space by paying the purchase price remaining under the terms of the agreement on September 1 of an odd-numbered year.
(b) If the commission determines that it is advantageous to the state, the commission may:
(1) request the Texas Public Finance Authority to issue revenue bonds to finance the purchase of any or all of the space to which this section applies in accordance with Section 2166.4542 and Chapter 1232, if the commission determines that it is more advantageous to the state to purchase the space than to enter into a more favorable lease with an option to purchase agreement under Section 2166.4541 for that space; or
(2) enter into a more favorable lease with an option to purchase agreement with regard to any or all of the space to which this section applies by taking the actions authorized by Section 2166.4541 under the conditions prescribed by Section 2166.4541, if the commission determines that it is more advantageous to the state to enter into a more favorable lease with an option to purchase agreement for that space than to purchase the space under Section 2166.4542 and Chapter 1232.
(c) This section expires September 2, 2008, except that this section is continued in effect after that date for the limited purpose of applying with regard to any transaction authorized by this section and Section 2166.4541 or 2166.4542 that occurs before that date.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1310 (H.B. 3147), Sec. 1, eff. June 18, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2166.htm
- Text hash
- sha256 baacdd52c12ddb6f2cfce221474914c080cc89eeb79b3acb3cdeb2e24b03a8a5
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Tex. Gov't Code ch. 1232TEXAS PUBLIC FINANCE AUTHORITYPrinted as Chapter 1232
- Tex. Gov't Code § 2166.4541ENTERING INTO MORE FAVORABLE LEASE WITH OPTION TO PURCHASE AGREEMENTS.Printed as Section 2166.4541 | Section 2166.4541 or 2166.4542 | Sections 2166.4541 and 2166.4542
- Tex. Gov't Code § 2166.4542PURCHASING CERTAIN LEASED SPACE.Printed as Section 2166.4541 or 2166.4542 | Section 2166.4542 | Sections 2166.4541 and 2166.4542
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Government Code
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