Lease purchase definition

Lease purchase means the use and acquisition of equipment under an agreement to purchase, pursuant to which payments are made for a period of longer than one year and are subject to annual appropriation. "Lease purchase" may also include payments made under the agreement for the maintenance of the equipment. No funds shall be expended for lease purchases except those specifically appropriated for such purpose. The provisions of this subsection (6) shall not apply to the board of regents of the university of Colorado; the state board of agriculture; the board of trustees of the Colorado school of mines; the board of trustees of the university of northern Colorado; the trustees of the state colleges in Colorado; the state board for community colleges and occupational education (except for administration and the division of occupational education); the board for the Auraria higher education center; the state historical society; the Colorado council on the arts; the division of wildlife; the water conservation board; the county departments of social services; and the low-income energy assistance block grant.

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Lease purchase means entering into a lease contract for a manufactured home, in which the lessor retains title, containing a provision or, in another agreement, conferring on the lessee an option to purchase a manufactured home.

Lease purchase means a capital lease as defined in the

Examples of Lease purchase in a sentence

• Lease purchase and term leases are allowable only for Purchasing Entities whose rules and regulations permit leasing of software.

• Lease purchase and term leases are allowable only for Purchasing States whose rules and regulations permit leasing of software.

• Lease purchase and term lease are allowable only for Additional Purchasers whose rules and regulations permit those acquisition methods for the goods/services being procured.

• Lessee shall, on or before its execution of this Lease, purchase at its expense a policy of comprehensive general liability insurance coverage in an amount of not less than $1,000,000.00 which policy shall be issued by a company acceptable to Lessor and authorized to do business within the State of Alabama.

• Lease purchase and term leases are allowable only for Purchasing Entities whose rules and regulations permit leasing of hardware and/or software.

More Definitions of Lease purchase

Lease purchase means entering into:

Lease purchase means entering into a lease contract containing a provision conferring on the lessee an option to purchase a manufactured home.

Lease purchase means the use and acquisition of equipment under an agreement to purchase, pursuant to which payments are made for a period of longer than one year and are subject to annual appropriation. "Lease purchase" may also include payments made under the agreement for the maintenance of the equipment.

Lease purchase means the use and acquisition of equipment under an

Lease purchase means to enter into a lease contract with a provision conferring on the lessee an option to purchase the manufactured home.

Lease purchase means a capital lease as defined in the generally accepted accounting principles issued by the governmental accounting standards board that the controller prescribes for the state as specified in section 24-30-202 (12).

Lease purchase means a lease of farm machinery or farm equipment under which the lessee is given the right to purchase the farm machinery or farm equipment; (« bail avec option d'achat »)