56.8035 Conditions under which proposal to lease, lease-purchase, or exercise

137 words·~1 min read·/ky/56-8035

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.