Connecticut § 4b-37 (Formerly Sec. 4-128c). Terms of option to buy in lease agreement.

Connecticut Statutes

§ 4b-37 — (Formerly Sec. 4-128c). Terms of option to buy in lease agreement.

Connecticut·Title 4b State Real Property

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.

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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.

Connecticut § 4b-37 ((Formerly Sec. 4-128c). Terms of option to buy in lease agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.