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Amend HB 2137, on page 2, line 16, by inserting a new
subsection as follows:
"(c) Prior to signing an agreement under this section to
lease with an option or options to purchase:
(1) the Texas Transportation Commission shall
determine whether bond financing, lease with an option or options
to purchase, or full cash payment is the most cost effective
alternative for the acquisition of the building or related
facility; and
(2) the department shall submit the proposed lease
agreement to the Texas Building and Procurement Commission for
review and comment.
(d) A lease agreement under this section shall provide for
the lease payments to apply to the purchase price of the building or
related facility and shall contain the agreed price to purchase the
building or related facility if the department exercises that
option.
(e) Prior to signing an agreement under this section to
exchange department-owned property with a private entity for a
building or related facility described in Subdivision (1), the
commission shall determine whether the value of the building or
related facility owned by the private entity is equal to or greater
than the value of the department-owned property.