Section 29: Leases - General

1. As used in this section, "lease" means for Utah State University to lease or lease-purchase a procurement item from a person.
2. This section does not apply to the lease of real property.
3. Utah State University may not lease a procurement item unless Utah State University complies with the requirements of this section.
4. Utah State University may lease a procurement item if:
   1. The Director of Purchasing and Contract Services determines that it is in the best interest of Utah State University to lease the procurement item, after the Director of Purchasing and Contract Services:
      1. Investigates alternative means of obtaining the procurement item; and
      2. Considers the costs and benefits of the alternative means of obtaining the procurement item;
   2. All conditions for renewal and cost are included in the lease;
   3. The lease is awarded through a standard procurement process, or an exception to a standard procurement process described in Section 18, Exceptions to Procurement Requirements;
   4. For a standard procurement process, the invitation for bid, request for proposal, or request for quotes states:
      1. That Utah State University is seeking, or willing to consider, a lease; and
      2. For a lease purchase, that Utah State University is seeking, or willing to consider, a lease-purchase;
   5. The lease is not used to avoid competition;
   6. The lease complies to all other provisions of law or rule applicable to the lease; and
   7. The leasing unit follows Section 30, Equipment Leases and Rentals.