Lease purchase definition

Lease purchase means the use and acquisition of equipment under an agreement to purchase, pursuant to which payments are made for a period of longer than one year and are subject to annual appropriation. "Lease purchase" may also include payments made under the agreement for the maintenance of the equipment. No funds shall be expended for lease purchases except those specifically appropriated for such purpose. The provisions of this subsection (6) shall not apply to the board of regents of the university of Colorado; the state board of agriculture; the board of trustees of the Colorado school of mines; the board of trustees of the university of northern Colorado; the trustees of the state colleges in Colorado; the state board for community colleges and occupational education (except for administration and the division of occupational education); the board for the Auraria higher education center; the state historical society; the Colorado council on the arts; the division of wildlife; the water conservation board; the county departments of social services; and the low-income energy assistance block grant.
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Lease purchase means entering into a lease contract for a manufactured home, in which the lessor retains title, containing a provision or, in another agreement, conferring on the lessee an option to purchase a manufactured home.
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Lease purchase means a capital lease as defined in the
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Examples of Lease purchase in a sentence

  • All wastewater treatment plants which include one or more of the units listed in Group I-B and, in addition, one or more of the following units: sludge digestion, aerated lagoon, and sludge thickeners.

  • Lease purchase or hire purchase may not be an option for projects starting near the end of the programme, since it may not be possible to pay all instalments before the final date for claims.

  • Lease purchase agreements, Article IX, Sections 8 and 11, New Mexico Constitution; Sections 6-6-11 to 6-6-12 NMSA 1978; Montano v.

  • Lease purchase and term leases are allowable only for Purchasing States whose rules and regulations permit leasing of software.

  • Lease, purchase, accept contributions or donations of, or otherwise to own, hold, improve, or use any property, real, per- sonal, or mixed.


More Definitions of Lease purchase

Lease purchase means entering into:
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Lease purchase means entering into a lease contract containing a provision conferring on the lessee an option to purchase a manufactured home.
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Lease purchase means to enter into a lease contract with a provision conferring on the lessee an option to purchase the manufactured home.
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Lease purchase means the use and acquisition of equipment under an
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Lease purchase. MEANS THE USE AND ACQUISITION OF EQUIPMENT UNDER AN AGREEMENT TO PURCHASE, PURSUANT TO WHICH PAYMENTS ARE MADE FOR A PERIOD OF LONGER THAN ONE YEAR AND ARE SUBJECT TO ANNUAL APPROPRIATION. "LEASE PURCHASE" MAY ALSO INCLUDE PAYMENTS MADE UNDER THE AGREEMENT FOR THE MAINTENANCE OF THE EQUIPMENT.
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Lease purchase means an agreement by which a party pays the owner of tangible
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Lease purchase means the use and acquisition of equipment under an agreement to purchase, pursuant to which payments are made for a period of longer than one year and are subject to annual appropriation. "Lease purchase" may also include payments made under the agreement for the maintenance of the equipment A CAPITAL LEASE AS DEFINED IN THE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ISSUED BY THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD THAT THE CONTROLLER PRESCRIBES FOR THE STATE AS SPECIFIED IN SECTION 24-30-202 (12).
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