Kan. Admin. Regs. § 36-41-4 - Interest rate and service fees
(a) Each
equipment lease agreement payment shall include an interest component based on
the amortized balance of the cost of the equipment, in accordance with the
amortization schedule incorporated in the equipment lease agreement. The
interest rate for each equipment lease agreement shall be the published rate in
effect on the effective date of the agreement, as that rate is established and
published by the secretary on the first day of each month. This rate shall be
consistent with the provisions of
K.S.A.
10-1009 and amendments thereto.
(b) Any access lease agreement with an
authorized governmental entity or an authorized public safety agency and any
equipment lease agreement with an authorized public safety agency may include
fees for services provided by the department related to the applicable lease
agreement, which shall be detailed in the agreement.
Notes
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