220 R.I. Code R. 220-RICR-70-05-2.6

Current through December 26, 2024
Section 220-RICR-70-05-2.6 - Application for Funding
A. Each agency assigned vehicles from the state fleet is required to submit an updated three-year vehicle replacement plan annually no later than June 15 to the office of state fleet operations, with a copy to the Budget Office, in a format determined by the office of state fleet operations. Any anticipated vehicle purchases, whether straight buys with agency funding or requests to finance through the revolving loan fund, must be included in the vehicle replacement plans.
B. The vehicle replacement plan shall constitute the application to obtain financing through the State Fleet Replacement Revolving Loan Fund.
C. As a condition for obtaining a loan from the loan fund, state agencies will be required to execute a loan agreement as prescribed within, in which they agree to the repayment of the loan and any applicable service charges.

220 R.I. Code R. 220-RICR-70-05-2.6