La. Admin. Code tit. 34 § I-5315
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-5315 - Payment for Selected EquipmentA. The trustee bank for the nonprofit lessor shall disburse the necessary funds for the purchase of the equipment. Thereafter, the Division of Administration as lessee, shall be responsible for remitting the required lease payments to the trustee bank.B. The lease payments for items of equipment which were scheduled to be purchased by General Fund-Direct will be appropriated directly to the Division of Administration in a special supplemental appropriation.C. The lease payments for items of equipment which were scheduled to be purchased with federal funds, dedicated funds, or self-generated funds will be appropriated to the respective using agency to be transferred to the Division of Administration for the required payments to the trustee bank.D. The lease payments for items of equipment which were scheduled to be purchased through the Capital Outlay Bill will be appropriated directly to the special appropriation under the Division of Administration.E. The trustee bank will provide to the Division of Administration prior to January 1 of each year, a schedule listing the amount of lease payments required for each item of equipment. The Division of Administration shall invoice the using agencies for lease payments funded by means other than the State General Fund-Direct no later than 30 days prior to the actual lease payment. For lease payments funded by the State General Fund-Direct, the Division of Administration shall issue a memo invoice to the respective using agencies.La. Admin. Code tit. 34, § I-5315
Promulgated by the Office of the Governor, Division of Administration, LR 12:233 (April 1986).AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1761-1771.