Utah Admin. Code R23-1-1203 - Leases of Personal Property
Leases of personal property are subject to the following:
(1) Leases are subject to
Section 63G-6a-1209 and all other laws or
rules applicable to the lease.
(2)
Executive Branch Procurement Unit Leases with Purchase Option. A purchase
option in a lease may be exercised if the lease containing the purchase option
was awarded under an authorized procurement process. Before exercising this
option, the division shall:
(a) investigate
alternative means of procuring comparable procurement items; and
(b) compare estimated costs and benefits
associated with the alternative means and the exercise of the option, for
example, the benefit of buying new state of the art data processing equipment
compared to the estimated, initial savings associated with exercise of a
purchase option.
Notes
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