Texas Government Code 2167.0021 – Best Value Standard for Lease of Space
(a) The commission shall lease space for the use of a state agency on the basis of obtaining the best value for the state.
(b) The commission shall adopt rules establishing guidelines for the determination of best value in a lease contract. In determining the best value, the commission may consider:
(1) the cost of the lease contract;
(2) the condition and location of lease space;
(3) utility costs;
(4) access to public transportation;
(5) parking availability;
(6) security;
(7) telephone service availability;
(8) indicators of probable lessor performance under the contract, such as the lessor’s financial resources and the lessor’s experience;
(9) compliance with the architectural barriers law, Article 9102, Revised Statutes; and
(10) other relevant factors.
Terms Used In Texas Government Code 2167.0021
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(c) This section does not prohibit the commission from leasing space from the offeror that offers the space at the lowest cost if the commission determines that doing so obtains the best value for the state.