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University of Louisville
 OFFICIAL
UNIVERSITY
ADMINISTRATIVE
 POLICY
 
 
This policy applies to University Administrators, Faculty and Staff
 
POLICY NAME
Long-Term Lease Equipment
EFFECTIVE DATE
Unknown
POLICY NUMBER
PUR – 32.00
 
POLICY STATEMENT
The University of Louisville currently has established master agreements with financial institutions to finance equipment over time.  The master leases do not preclude the need to solicit competitive bids in order to establish the cost to be financed, if items are not covered by an already established contract.
 
REASON FOR POLICY
 
Compliance with KRS
 
FORMS/ONLINE PROCESSES
 
 
HISTORY
 
Original Date: Unknown
Revision Date(s):
Reviewed Date(s):
 

ADMINISTRATIVE AUTHORITY
Vice President and Chief Financial Officer

RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION
Sally Molsberger – Director, Procurement Services
Service Complex, University of Louisville
Louisville, KY 40292
502-852-8224
purchase@louisville.edu

The University Policy and Procedure Library is updated regularly.  In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.

 

 

 
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