ARTICLE 16. Leasing of Equipment [81550. - 81553.]

Article 16 enacted by Stats. 1976, Ch. 1010.

§§ 81550–81553 · 4 sections

• § 81550 A community college district may, as lessee, enter into a lease or lease-purchase agreement for equipment or service systems with any person, firm, corporation…
• § 81551 Before a lease or lease-purchase agreement may be entered into, the lessee shall comply with all applicable provisions for bids and contracts prescribed by…
• § 81552 The term of any lease or lease-purchase agreement shall not exceed the estimated useful life of the item but in no event shall the term exceed 10 years. A…
• § 81553 As a lessor, a community college district governing board is authorized to let, or let with option to purchase, any land, buildings, or equipment it determines…