1. (1) As used in this section, "lease" means for the CRAU to lease or lease-purchase a Procurement Item from a person.
2. (2) This section does not apply to the lease of real property.
3. (3) The CRAU may not lease a Procurement Item unless the CRAU complies with the requirements of this section.

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

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

      1. (i) investigates alternative means of obtaining the Procurement Item; and
      2. (ii) considers the costs and benefits of the alternative means of obtaining the Procurement Item;
   2. (b) any conditions for renewal and cost are included in the lease;
   3. (c) the lease is awarded through a Standard Procurement Process, or an exception to a Standard Procurement Process described in Rule R354-5.

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

      1. (i) that the CRAU is seeking, or willing to consider, a lease; and
      2. (ii) for a lease-purchase, that the CRAU is seeking, or willing to consider, a lease-purchase;
      3. (iii) the lease is not used to avoid competition; and
   5. (e) the lease complies with any other provision of law or rule applicable to the lease.

KEY: contracts, change orders

Date of Last Change: December 28, 2021

Authorizing, and Implemented or Interpreted Law: 63M-14-206