W. Va. Code R. § 148-3-5 - Financing arrangements for state-owned vehicles

5.1. To facilitate vehicle purchases for agencies, the Fleet Management Division may use appropriated funds to secure credit for vehicle purchases and offer financing arrangements to agencies for the purchase of new vehicles.

5.1.a. The Fleet Management Division will retain title to the state-owned vehicle.

5.1.b. The financing agreements will be for a period of at least 12 months and no more than 48 months.

5.2. The purchasing agency is responsible for regular maintenance, upkeep and operation costs of a vehicle subject to a financing agreement.

5.3. The Fleet Management Division may terminate the financing agreement when the purchasing agency becomes more than 90 days delinquent on regular monthly payments, when the purchasing agency fails to adequately maintain the vehicle, or when the purchasing agency uses the vehicle inconsistent with its intended purpose.

Notes

W. Va. Code R. § 148-3-5