Sec. 4b-37. (Formerly Sec. 4-128c). Terms of option to buy in lease agreement.
Sec. 4b-37. (Formerly Sec. 4-128c). Terms of option to buy in lease agreement.
In any lease entered into pursuant to sections 4b-35 to 4b-39, inclusive, which grant the
state an option to buy where the option price is to be paid in installments over a stated
period of time, such installments shall be described in the lease so as to identify clearly
those portions of the installments which represent interest, taxes or any other item the
identification of which will promote the most economical and advantageous terms to
the state.
(1971, P.A. 572, S. 4.)
History: Sec. 4-128c transferred to Sec. 4b-37 in 1989.