R27-4-8. Cost Recovery

(1) State vehicles shall be assessed rates designed to recover vehicle costs; a division administrative fee; MIS fee; and where applicable, the variable costs associated with each vehicle. (2) The division shall calculate the vehicle payback and associated rates according to the vehicle's cost, the vehicle's expected service period, and any agreement made with the agency. (3) If a vehicle is turned in for replacement earlier than expected under the applicable replacement cycle: (a) the division may require the agency to pay the remaining balance of the vehicle; and (b) a rate containing a shorter replacement cycle period may be implemented for the replacement vehicle. (4) The division shall begin the monthly billing process when the agency receives notice in writing that the vehicle is ready for service.