Pol-Long-Term Lease Equipment
policy long term lease equipment modified Fri May 01 2020 12:58:10 GMT-0400 (Eastern Daylight Time)
University of Louisville
Long-Term Lease Equipment
PUR – 32.00
This policy applies to University Administrators, Faculty, and Staff.
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.
REASON FOR POLICY
Compliance with KRS
Vice President for Finance and Chief Financial Officer
RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger – Director, Procurement Services
Service Complex, University of Louisville
Louisville, KY 40292
Original Date: Unknown
Reviewed Date(s): 2/14/2020
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.