Vehicle Rental Services

The Teacher Retirement System of Texas (Agency 323) awarded a term contract to The Hertz Corporation for vehicle rental services under Purchase Order No. 26205046. The award was issued on December 3, 2025, with a contract value of $76.64. The Hertz Corporation, headquartered at 8501 Williams Road, Estero, Florida, serves as the prime contractor for this engagement. The contracting organization classified this procurement under National Institute of Governmental Purchasing (NIGP) Code 97514, reflecting the specialized nature of vehicle rental procurement for state use.

The contract encompasses a single line item for vehicle rental services designated as Item C under Term Contract 975-C1. Performance is directed to the United States, with delivery scheduled by September 15, 2025, though this completion date predates the award date. As an offline sale purchase order issued through the Texas Comptroller of Public Accounts Statewide Procurement Division, the State of Texas claims exemption from all federal excise taxes and state and city sales taxes under Texas Tax Code Section 151.309(4), as the services are for exclusive use by the State of Texas or a Texas political subdivision.