WAC 16-731-130: What requirements apply to equipment leasing program lease agreements?

Link to law: http://apps.leg.wa.gov/wac/default.aspx?cite=16-731-130
Published: 2015

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WACs > Title 16 > Chapter 16-731 > Section 16-731-130











16-731-120    

16-731-140







Agency filings affecting this section







WAC 16-731-130









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, § 16-731-130, filed 9/15/08, effective 10/16/08.]