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Legal Resources | Education Code |  EC  81551  

Lease and lease-purchase agreements   

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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 Article 3 (commencing with Section 81641) of Chapter 3 and by Section 20651 of the Public Contract Code. Each contract shall show the total price for an outright purchase of any item and also its total cost for the entire specified term of the contract.

(Amended by Stats. 1995, Ch. 758. Sec. 119.)

Reference:

Education Code 81641

Public Contract Code 20651