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The Evolution of Lease‐Purchase Guidelines in the State of Texas
Author(s) -
Bunch Beverly S.
Publication year - 1996
Publication title -
public budgeting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.694
H-Index - 30
eISSN - 1540-5850
pISSN - 0275-1100
DOI - 10.1111/1540-5850.01089
Subject(s) - lease , state (computer science) , business , finance , property (philosophy) , computer science , philosophy , algorithm , epistemology
Lease purchases, if used effectively, can be a viable means for governments to finance real property. This article describes the state of Texas' experiences with lease purchases of real property and the guidelines that the state has developed in attempts to improve the management of lease purchases. The article also discusses lessons learned in Texas that may be applicable to other governments and presents a framework for the effective management of lease purchases.