Section 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.Tex. Gov't. Code § 2167.056
Added by Acts 1995, 74th Leg., ch. 41, Sec. 1, eff. 9/1/1995.