56.8035 Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered. - Kentucky Statutes

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Page 1 of 1 56.8035 Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered. (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. Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 63, sec. 3, effective July 14, 2000. -- Created 1998 Ky. Acts ch. 539, sec. 7, effective July 15, 1998.