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16-730-055  <<  16-730-060 >>   16-730-062

PDFWAC 16-730-060

What requirements apply to equipment leasing program lease agreements?

(1) The department will follow office of financial management (OFM) procurement guidelines when selecting a leasing company to act as its agent to purchase and manage all equipment leasing arrangements for all approved handler/packers.
(2) All approved handler/packers will complete a lease agreement with the department approved leasing firm.
(3) All equipment lease agreements:
(a) Must be exclusive to the approved handler/packers for the term of the contract with the leasing company; and
(b) Are not transferable without the written approval of the department.
(4) Lease agreements cannot be paid off before the leasing company's contract termination date.
(5) In addition to the leasing requirements contained in this chapter, the department, in its contract with the leasing company, will include other lease requirements that approved handler/packers must follow.
[Statutory Authority: Chapters 15.04 and 34.05 RCW, 2004 c 276. WSR 05-14-049, ยง 16-730-060, filed 6/28/05, effective 7/29/05.]
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