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Kentucky Revised Statutes Title VII. Public Property and Public Printing § 56.8035.Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered

Current as of January 01, 2021 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title VII. Public Property and Public Printing § 56.8035.Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-vii-public-property-and-public-printing/ky-rev-st-sect-56-8035/

Read this complete Kentucky Revised Statutes Title VII. Public Property and Public Printing § 56.8035.Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered on Westlaw

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