R354-8-110. Leases

(1) As used in this section, "lease" means for the CRAU to lease or lease-purchase a Procurement Item from a person. (2) This section does not apply to the lease of real property. (3) The CRAU may not lease a Procurement Item unless the CRAU complies with the requirements of this section. (4) The CRAU may lease a Procurement Item if: (a) the Procurement Official determines that it is in the best interest of the CRAU to lease the Procurement Item, after the Procurement Official: (i) investigates alternative means of obtaining the Procurement Item; and (ii) considers the costs and benefits of the alternative means of obtaining the Procurement Item; (b) any conditions for renewal and cost are included in the lease; (c) the lease is awarded through a Standard Procurement Process, or an exception to a Standard Procurement Process described in Rule R354-5. (d) for a Standard Procurement Process, the Invitation for Bids, Request for Proposals, or request for quotes states: (i) that the CRAU is seeking, or willing to consider, a lease; and (ii) for a lease-purchase, that the CRAU is seeking, or willing to consider, a lease-purchase; (iii) the lease is not used to avoid competition; and (e) the lease complies with any other provision of law or rule applicable to the lease.