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Amend HB 2137, on page 2, line 16, by inserting new
subsections as follows:
"(c) Prior to signing an agreement under this section to
lease with an option or options to purchase the Texas
Transportation Commission shall determine whether bond financing
or lease with an option or options to purchase is the most cost
effective alternative for the acquisition of the building or
related facility.
(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.