34 Tex. Admin. Code § 20.234 - Lease-Purchase Contracts
(a) An agency may
acquire capital equipment by lease-purchase if it is cost effective.
(b) If a proposed lease purchase is for
information resources technologies, as defined in Government Code, Title 10,
Chapter 2054, Subchapter A, the requisition must include written evidence that
the Department of Information Resources has approved the agency's biennial
operating plan. For other items, the division will determine the cost
effectiveness of a lease purchase. To establish cost effectiveness, the
requisitioning agency should submit the following information:
(1) anticipated interest charges over the
life of the contract;
(2)
anticipated cost savings which would result from outright purchase;
(3) an affirmative statement that the agency
reasonably expects to be able to make payments beyond the current biennium
without requiring an increase in appropriations;
(4) any information requested by the
comptroller; and
(5) any other
information the agency considers relevant.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.