67-5721 ACQUISITION OF NONOWNED PROPERTY -- OPTIONS TO ACQUIRE -- DETERMINATION OF OPTION COSTS. - Idaho Statutes

TITLE 67

STATE GOVERNMENT AND STATE AFFAIRS

CHAPTER 57

DEPARTMENT OF ADMINISTRATION

67-5721. Acquisition of nonowned property -- Options to acquire -- Determination of option costs. Bids submitted for the acquisition of any property, the terms of payment for which are other than those of a purchase with attendant passage of title, shall be prepared on a basis which will allow the state full unlimited use, except for those periods required by the owner of such property for normal maintenance, without incurring additional costs to the state beyond those included in the bid price submitted.

Any exercise of an option to acquire, or any other procedure which shall serve to pass title to the state where no passage of title existed before, shall be deemed to be a new acquisition and prior to execution all applicable provisions and procedures of this chapter shall be exercised.