Missouri § 177.082 Lease purchase agreements permitted, when.

Missouri Statutes

§ 177.082 — Lease purchase agreements permitted, when.

Missouri § 177.082

Title XIEDUCATION AND LIBRARIES

Ch. 177School Property and Equipment

This text of Missouri § 177.082 (Lease purchase agreements permitted, when.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 177.082 (2026).

Text

The school board may purchase apparatus, equipment and furnishings for its schools and operations by entering into lease purchase agreements with vendors.  Any agreement which may result in school district ownership of the leased object must contain a provision which allows the district an option to terminate the agreement on at least an annual basis without penalty.  All expenditures related to lease purchase agreements shall be considered expenditures for capital outlay and shall be made pursuant to the provisions of section 165.011 .

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The school board may purchase apparatus, equipment and furnishings for its schools and operations by entering into lease purchase agreements with vendors. Any agreement which may result in school district ownership of the leased object must contain a provision which allows the district an option to terminate the agreement on at least an annual basis without penalty. All expenditures related to lease purchase agreements shall be considered expenditures for capital outlay and shall be made pursuant to the provisions of section 165.011 .