Section 220-RICR-70-05-2.10 - Repayment ProvisionsA. The office of state fleet operations will bill each agency annually for lease payments through the state's accounting system by charging those accounts as provided for in the loan agreement.B. The proceeds from the repayment of any loans shall be deposited in and returned to the loan fund, to constitute a continuing revolving fund for the purposes listed above.C. If an agency no longer wants to maintain a vehicle acquired under a loan agreement and there are lease payments still due, it is the responsibility of the agency to find another agency to take over the vehicle and assume the lease payments. If no agency can be found to take over the lease payments, the agency on the loan agreement will be required to continue paying all lease payments until the loan is repaid in full.D. If a vehicle acquired under a loan agreement is no longer useable by the agency due to an accident and there are lease payments still due, the agency will be required to continue paying all lease payments until the loan is repaid in full. Any salvage value or insurance proceeds that may be received due to an accident will be used to reduce or pay off the outstanding loan.E. Outstanding loans shall become the responsibility of any successor agency if the original agency is merged with a new agency or abolished.220 R.I. Code R. 220-RICR-70-05-2.10