Pol-Long-Term Lease Equipment
policy long term lease equipment modified Tue Nov 21 2023 09:09:35 GMT-0500 (Eastern Standard Time)
University of Louisville
Long-Term Lease Equipment
PUR – 32.00
This policy applies to University Administrators, Faculty, and Staff.
REASON FOR POLICY
Compliance with KRS
The University of Louisville currently has established master agreements with financial institutions to finance equipment over time. The master leases do not preclude the need to solicit competitive bids in order to establish the cost to be financed, if items are not covered by an already established contract.
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger – Chief Procurement Officer
Service Complex, University of Louisville
Louisville, KY 40292
Original Date: Unknown
Revision Date(s): November 20, 2023
Reviewed Date(s): February 14, 2020; November 20, 2023
The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.