WACs > Title 16 > Chapter 16-731 > Section 16-731-130
Agency filings affecting this section
What requirements apply to equipment leasing program lease agreements?
(1) The department will follow the department of general administration purchased service procurement guidelines when selecting a leasing company to act as its agent to purchase and manage all equipment leasing arrangements for all selected growers.
(2) All selected growers must enter into a department-approved lease agreement with the department-approved leasing firm.
(3) All equipment lease agreements:
(a) Must be exclusive to the selected grower for the term of the contract with the leasing company; and
(b) Are not transferable without the written approval of the department.
(4) Lease agreements cannot be paid off before the leasing company's contract termination date.
[Statutory Authority: RCW 15.04.402, 2007 c 520, and chapter 34.05 RCW. WSR 08-19-061, Â§ 16-731-130, filed 9/15/08, effective 10/16/08.]