Contract 26260997

The State of Texas, through the Department of Savings & Mortgage Lending (Agency 450), awarded a term contract to The Hertz Corporation for vehicle rental services. The award was executed on May 6, 2026, under Contract Number 975-C1. The Hertz Corporation, headquartered at 8501 Williams Road, Estero, Florida, serves as the prime contractor for this engagement. The contract carries a total value of $487.95, representing a single purchase order line item for one unit of commodity item "R" priced at $487.95 per unit.

The contract encompasses vehicle rental services provided under National Institute of Governmental Purchasing (NIGP) Code 97514. The purchase order was issued by the State of Texas Comptroller of Public Accounts' Statewide Procurement Division on behalf of the contracting organization. The State of Texas claims exemption from federal excise taxes and state and city sales taxes under Texas Tax Code Section 151.309(4), as the rental services are designated for the exclusive use of the State of Texas or a Texas political subdivision. The completion date was established as September 15, 2025, predating the award date, which indicates this may represent a retroactive documentation of services previously rendered.