Kentucky Statutes 56.8035 – Conditions under which proposal to lease, lease-purchase, or exercise options to purchase new construction may be considered
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(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.
(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.
Terms Used In Kentucky Statutes 56.8035
- Building: includes any structure or improvement upon real estate of a permanent nature and additionally includes any sites, structures, equipment, machinery, or devices for the purpose of establishing, developing, or furthering television or related services in aid of education or in aid of any other proper public functions, whether or not the same would otherwise be legally defined as buildings. See Kentucky Statutes 56.440
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(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.