Tex. Gov't Code § 2167.056 · Subchapter B. PROCEDURES FOR LEASING SPACE; LEASE CONTRACT
OPTION TO PURCHASE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.2167.htm
- Text hash
- sha256 9373230c7fbfc6345a28d6a6a7f9a8512db848e742e8f284da95342ba7507eec
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.