Okla. Admin. Code § 260:65-15-10

Current through Vol. 42, No. 4, November 1, 2024

Section 260:65-15-10 - Payment of contract

(a) Lease-purchase agreements shall be competitively bid through the Purchasing Department of the Office of Management and Enterprise Services unless determined by the Executive and Legislative Bond Oversight Commissions to be more cost effective if financed through negotiated sales.

(1) If the sale is to be executed on a negotiated basis, such financing shall be subject to the provisions of the Oklahoma Bond Oversight and Reform Act, 62 O.S. 1991, §695.1 et seq.

(2) If the sale is to be competitively bid, such financing shall be processed through the Purchasing Department of the Office of Management and Enterprise Services. [74 O.S. Supplement 1993, Section 85.4(G.2)]

(b) The term of the lease purchasing financing shall be in conformance with and governed by 74 O.S. Section 85.4(I)(4).

Okla. Admin. Code § 260:65-15-10

Adopted by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014