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TITLE 44: GOVERNMENT CONTRACTS, PROCUREMENT
AND PROPERTY MANAGEMENT
SUBTITLE B: SUPPLEMENTAL PROCUREMENT RULES CHAPTER XXV: SECRETARY OF STATE PART 2000 STANDARD PROCUREMENT SECTION 2000.4035 PURCHASE OPTIONS
Section 2000.4035 Purchase Options
a) All leases of free standing facilities shall contain an option to purchase exercisable by the State.
b) Purchase options may be omitted if:
1) The lease is with a governmental entity or a not-for-profit entity.
2) The CPO determines that the purchase option is not in the State's best interest and publishes his/her written determination in the Procurement Bulletin. |