Vehicle Rental Services

The Texas Department of Banking awarded a term contract to The Hertz Corporation for vehicle rental services under Contract 975-C1. The award was executed on December 11, 2025, with a cumulative contract value of thirty-eight dollars ($38.32). The Hertz Corporation, headquartered at 8501 Williams Road, Estero, Florida, serves as the prime contractor for this vehicle rental services procurement through the Texas Comptroller of Public Accounts' Statewide Procurement Division. The contract is classified under National Institute of Governmental Purchasing (NIGP) Code 97514.

The purchase order encompasses a single line item for one unit at a unit price of $38.32. The contract became effective on the award date of December 11, 2025, with a completion date of September 15, 2025, indicating a retrospective contract period. As a vehicle rental services contract for the exclusive use of the State of Texas, the arrangement is exempt from Federal Excise Taxes and state and city sales taxes under Texas Tax Code Section 151.309(4). The minimal contract value suggests this may represent an initial or supplemental order within a broader vehicle rental services agreement.