Overview

THE STATE OF MISSISSIPPI
MASTER LEASE PURCHASE PROGRAM DESCRIPTION

OVERVIEW

The purpose of this overview is to familiarize you with the Mississippi Master Lease Purchase Program (the “Program”) that has been in place since the early 1990s. The Program was initiated by the State of Mississippi, acting through the Department of Finance and Administration (“DFA”) pursuant to Section 31-7-10 of the Mississippi Code of 1972 (the “State Master Lease Purchase Statute”), for the purpose of enabling agencies of the State of Mississippi (collectively, “State Agencies”) to acquire equipment essential to their operations through a State-wide program administered by DFA.