105 IAC 12-4-3

105 IAC 12-4-3 Equipment rental or lease with option to purchase

Last amended: 2025Year: 2027Length: 43 wordsOfficial source

Cite as Ind. Admin. Code tit. 105, r. 12-4-3

Sec. 3. A contract for rental or lease may contain an option to purchase under the following circumstances: (1) Exercise of the option shall be at the sole discretion of the commissioner. (2) The option must be part of the invitation for bid.
105 IAC 12-4-3: 105 IAC 12-4-3 Equipment rental or lease with option to purchase | Justis AI