Section Adm 810.03 - Duration of Rental Agreements(a) Except as allowed under (b) below, no rental agreement shall be for a duration of more than 5 years, including any option or options to extend.(b) In accordance with RSA 4:39-b, any rental agreement which exceeds the 5-year maximum duration set forth in (a) above shall be submitted to the long range capital planning and utilization committee described at RSA 17-M for approval.(c) Any request under (b) above shall be reviewed and approved by the long range capital planning and utilization committee prior to submission of the rental agreement to the governor and executive council, or to the commissioner, for approval.(d) If an agency wishes to extend the duration of a rental agreement, and if such agreement originally required governor and executive council approval, any extension shall itself require separate governor and executive council approval, whether or not reference to the possibility of an extension was cited in the original rental agreement.N.H. Admin. Code § Adm 810.03
Derived from Number 37, Filed September 14, 2023, Proposed by #13708, Effective 7/29/2023, Expires 7/29/2033 (see Revision Note at chapter heading for Adm 800).