Purchase Option

Section 526 Section 4.4030  Purchase Option Leases of all space in entire, free-standing buildings shall include an option to purchase exercisable by the university, unless the CPO-HE or SPO determines in writing that inclusion of that purchase option is not in the State's best interest.  The determination, including the reasons for making that determination, shall be published in the Bulletin.  Leases with governmental units and not-for-profit entities are exempt from the requirements of this Section.