Utah Admin. Code R354-8-110 - Leases

(1) As used in this section, "lease" means for the CRAU to lease or lease-purchase a Procurement Item from a person.

(2) This section does not apply to the lease of real property.

(3) The CRAU may not lease a Procurement Item unless the CRAU complies with the requirements of this section.

(4) The CRAU may lease a Procurement Item if:

(a) the Procurement Official determines that it is in the best interest of the CRAU to lease the Procurement Item, after the Procurement Official:

(i) investigates alternative means of obtaining the Procurement Item; and

(ii) considers the costs and benefits of the alternative means of obtaining the Procurement Item;

(b) any conditions for renewal and cost are included in the lease;

(c) the lease is awarded through a Standard Procurement Process, or an exception to a Standard Procurement Process described in Rule R354-5.

(d) for a Standard Procurement Process, the Invitation for Bids, Request for Proposals, or request for quotes states:

(i) that the CRAU is seeking, or willing to consider, a lease; and

(ii) for a lease-purchase, that the CRAU is seeking, or willing to consider, a lease-purchase;

(iii) the lease is not used to avoid competition; and

(e) the lease complies with any other provision of law or rule applicable to the lease.

Notes

Utah Admin. Code R354-8-110

Adopted by Utah State Bulletin Number 2022-02, effective 12/28/2021