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KRS 56.8035

Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered

Effective: July 14, 2000 History: Amended 2000 Ky

(1) When the Department for Facilities Management solicits for procurement of leased office space under the provisions of KRS 56.803, a proposal for new construction shall be considered if it does not contain any provision for a lease-purchase or an option to purchase.

(2) The Department for Facilities Management shall only consider a proposal for construction of leased office space with provision for lease-purchase or option to purchase if the proposal is submitted in response to a solicitation for proposals for built-to-suit leases in accordance with KRS 56.8169.

(3) A building constructed and leased to the Commonwealth under this section shall be constructed:

(a) In accordance with all applicable state and national safety, building, and construction code requirements; and (b) To last for a minimum of thirty (30) years.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.