North Dakota § 54-06-17 Certain rental-purchase-type agreements authorized

North Dakota Statutes

§ 54-06-17 — Certain rental-purchase-type agreements authorized

North Dakota·Title 54 State Government·Ch. 54-06 General Provisions

With the approval of the office of management and budget, any department, agency, or
institution of the state currently leasing or renting office equipment under an agreement that is
convertible to a rental-purchase or similar agreement, upon certification to the office of
management and budget that conversion of such leasing or rental agreement to a
rental-purchase or similar agreement is to the financial advantage of the state and does not

commit the state to payments thereon beyond the biennium for which funds are available, may
convert such rental or leasing agreement to such rental-purchase-type agreement.

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With the approval of the office of management and budget, any department, agency, or
institution of the state currently leasing or renting office equipment under an agreement that is
convertible to a rental-purchase or similar agreement, upon certification to the office of
management and budget that conversion of such leasing or rental agreement to a
rental-purchase or similar agreement is to the financial advantage of the state and does not

commit the state to payments thereon beyond the biennium for which funds are available, may
convert such rental or leasing agreement to such rental-purchase-type agreement.

North Dakota § 54-06-17 (Certain rental-purchase-type agreements authorized) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.