STATE AGENCIES PARTICIPATION

State Agencies

• Representatives of the Financial Advisor are available to discuss the Program, the State Agency's anticipated lease purchase and lease purchase refinancing needs, and the requisite approval process to be undertaken with respect to procurements made under the Program in accordance with State law.
• Each State Agency interested in participating in the Program should contact:

Each State Agency participating in the Program will need to provide certain information including:

• A detailed description of the equipment to be acquired or refinanced, including a detailed description of the essentiality or need of the equipment for the program or project and the estimated costs to be financed by lease purchase under the Program
• Information concerning the useful life of the equipment, the expected date(s) of delivery and acceptance of the equipment, and the proposed financing term
• A detailed description of the State Agency as well as a description of the particular department, if any, within such State Agency that will utilize the equipment.

In addition, each participating State Agency may be asked to submit other documentation including expenditure authority, budget requests that may relate to the equipment to be acquired under the Program or any other information deemed appropriate by DFA and the Financial Advisor.

For instance, a State Agency participating in the Program to refinance an existing lease purchase obligation should submit a copy of the original lease or information concerning the date the obligation was incurred, the original equipment acquisition cost and amounts financed, an amortization schedule of the payments to be made in connection with the obligations, and the relevant dates for exercising purchase options or prepayment options.