Md. Code Regs. 21.06.03.07

Current through Register Vol. 51, No. 20, October 4, 2024

Section 21.06.03.07 - Personal Property Leases

A. Definition. "Lease" means a contract for the use of supplies that are not owned by the State.

B. Application. A lease may be entered into if:

(1) It is in the best interest of the State;

(2) All conditions for renewal and costs of termination are set forth in the lease; and

(3) The lease is not used to circumvent normal procurement procedures.

Md. Code Regs. 21.06.03.07