Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROL
Part I - Purchasing
Subpart 3 - Equipment-Lease-Purchase Program
Chapter 53 - Procurement of Equipment
Section I-5320 - Title to the Selected Equipment
Universal Citation: LA Admin Code I-5320
Current through Register Vol. 50, No. 9, September 20, 2024
A. Title to the selected equipment shall be retained by the nonprofit lessor until such time as the equipment is paid for in accordance with the equipment lease-purchase contract, at which time title shall be transferred to the using agency.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1761-1771.
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