SECTION 20.234. Lease-Purchase Contracts

(a) An agency may acquire capital equipment by lease-purchase if it is cost effective.

(b) If a proposed lease purchase is for information resources technologies, as defined in Government Code, Title 10, Chapter 2054, Subchapter A, the requisition must include written evidence that the Department of Information Resources has approved the agency's biennial operating plan. For other items, the division will determine the cost effectiveness of a lease purchase. To establish cost effectiveness, the requisitioning agency should submit the following information:

(1) anticipated interest charges over the life of the contract;

(2) anticipated cost savings which would result from outright purchase;

(3) an affirmative statement that the agency reasonably expects to be able to make payments beyond the current biennium without requiring an increase in appropriations;

(4) any information requested by the comptroller; and

(5) any other information the agency considers relevant.

Source Note: The provisions of this §20.234 adopted to be effective January 24, 2017, 42 TexReg 234