Kansas Statutes 75-4707. Contracts for information processing equipment
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 75-4707
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
Subject to the provisions of Kan. Stat. Ann. § 75-7209, and amendments thereto, state agencies using information processing equipment under lease are hereby authorized to enter into contracts with leasing service companies for purchase by the agency of such equipment with non-state funds furnished by such leasing service companies and transfer of title to such equipment by the agency to such leasing service company for lease back to the agency.