Procedure No.:   55.020

Page No.:        1 of 1

Date Issued:     10/01/77

Issued By:       G. Peebles

Rental or Lease Equipment

Equipment which is furnished for University use, by outside agencies on a rental or lease basis, whether for a definite or indefinite period, must be covered by a formal purchase order. In the case of lease equipment, the department concerned will clearly mark the requisition, "lease equipment" and specify whether it is to be a new or renewal lease. Vendor lease agreements, if not secured by the Purchasing Department, should be attached to the requisition, and forwarded to the Purchasing Department for execution and signature.

Dick Piccard revised this file (http://www.ohio.edu/policy/55-020.html) on May 15, 2013.

Please E-mail any comments or suggestions to "policy@ohio.edu".