Louisiana § 39:1762 Legislative findings and intent

Louisiana Statutes

§ 39:1762 — Legislative findings and intent

Louisiana § 39:1762

Title 39Procurement and Contract

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Bluebook

La. Stat. Ann. § 39:1762 (2026).

Text

The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.
{{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}

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The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.
{{NOTE: SEE ACTS 1985, NO. 758, §§3, 5 AND 6.}}