12 Miss. Code. R. 6-3.117.01
Current through December 10, 2024
A lease is a contract for the use of equipment or other commodities under which title will not pass to the State at any time. Subsection 3.117.03, Option Provisions, applies to a lease with purchase option where title may pass to the State.
12 Miss. Code. R. 6-3.117.01