Sec. 21.06.03.07. Personal Property Leases

Latest version.

A. Definition. "Lease" means a contract for the use of supplies that are not owned by the State.

B. Application. A lease may be entered into if:

(1) It is in the best interest of the State;

(2) All conditions for renewal and costs of termination are set forth in the lease; and

(3) The lease is not used to circumvent normal procurement procedures.

                    
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