Section 220-RICR-70-05-2.9 - Loan AgreementA. The office of state fleet operations will develop a loan agreement form that will be used to establish a loan between the office and each respective state agency.B. The loan agreement will document the vehicles and/or equipment being acquired, the term of the loan, the service charge due from the agency, and the repayment schedule of the loan. The agreement will also indicate the account(s) to be billed annually for the principal and service charge components of the loan.C. The agreement shall be signed by the department director or their designee and by the office of state fleet operations.220 R.I. Code R. 220-RICR-70-05-2.9