Vehicle Rental Services

The Hertz Corporation has been awarded a term contract by the Teacher Retirement System of Texas (Agency 323) for vehicle rental services under contract number 975-C1. The contract was executed on October 30, 2025, with a total cumulative value of $114.96. The initial purchase order (26205640) reflects a single line item for one unit of unspecified vehicle rental services (Item D) procured under National Institute of Governmental Purchasing (NIGP) Code 97514, with a unit price of $114.96. The Hertz Corporation is located at 8501 Williams Road, Estero, Florida 33928.

This procurement was processed through the Texas Comptroller of Public Accounts' Statewide Procurement Division and reflects a purchase order structure rather than a full contract performance period. The State of Texas has claimed an exemption from Federal Excise Taxes and State and City Sales Taxes under Texas Tax Code Section 151.309(4), as the services are being secured for exclusive use by a state agency. No additional fees, taxes, or charges are included in the contract value. The minimal contract value and single-unit structure suggest this award may represent an initial or pilot procurement under the broader term contract arrangement.