Application for Approval of Lease Purchase Agreement for Instructional Equipment - New York

This "Application for Approval of Lease Purchase Agreement for Instructional Equipment" is a document issued by the New York State Education Department specifically for New York residents with its latest version released on December 1, 1996.

Download the up-to-date fillable PDF by clicking the link below or find it on the forms website of the New York State Education Department.

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DIRECTIONS
APPLICATION FOR APPROVAL OF LEASE-PURCHASE AGREEMENTS FOR
INSTRUCTIONAL EQUIPMENT IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 1725-a OF THE EDUCATION LAW AND SECTION 170.7 OF THE
REGULATIONS OF THE COMMISSIONER OF EDUCATION
Attached is an application form for approval of lease-purchase agreements. Also attached is a copy
of Section 170.7 of the reg ulation of the Commissioner of Education requiring approval of the
agreement by the Commissioner. Ple ase follow the directions which appear below in c ompleting
and filing the application form.
1.
Complete each item which appears on the form. If the answer to Item "F."
in Section II is "yes", no response is needed to Item "G." in that Section.
2.
The application forms may be photocopied locally . F orward two
copies of the completed application form and one copy
of the
proposed lease-purchase agreement to:
Management Services Unit
New York State Education Department
Education Building Annex
Room 475
Albany, New York 12234
One copy of the application form and the copy of the agreement will
be retained by the State Education Department, and one copy of the
application form will be returned to the school
district with an
indication of approval or disapproval.
3.
The application form should be submitted no more than 90 day s and
no less than 30 day s before the proposed ex ecution date of the
agreement (see Section 170.7 of the
attached Regulations of the
Commissioner of Education).
4.
Questions with regard to the form ma y be dire cted to the
Management Services Unit at (518) 474-6541.
Attachment
12/96
DIRECTIONS
APPLICATION FOR APPROVAL OF LEASE-PURCHASE AGREEMENTS FOR
INSTRUCTIONAL EQUIPMENT IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 1725-a OF THE EDUCATION LAW AND SECTION 170.7 OF THE
REGULATIONS OF THE COMMISSIONER OF EDUCATION
Attached is an application form for approval of lease-purchase agreements. Also attached is a copy
of Section 170.7 of the reg ulation of the Commissioner of Education requiring approval of the
agreement by the Commissioner. Ple ase follow the directions which appear below in c ompleting
and filing the application form.
1.
Complete each item which appears on the form. If the answer to Item "F."
in Section II is "yes", no response is needed to Item "G." in that Section.
2.
The application forms may be photocopied locally . F orward two
copies of the completed application form and one copy
of the
proposed lease-purchase agreement to:
Management Services Unit
New York State Education Department
Education Building Annex
Room 475
Albany, New York 12234
One copy of the application form and the copy of the agreement will
be retained by the State Education Department, and one copy of the
application form will be returned to the school
district with an
indication of approval or disapproval.
3.
The application form should be submitted no more than 90 day s and
no less than 30 day s before the proposed ex ecution date of the
agreement (see Section 170.7 of the
attached Regulations of the
Commissioner of Education).
4.
Questions with regard to the form ma y be dire cted to the
Management Services Unit at (518) 474-6541.
Attachment
12/96
THE NEW YORK STATE EDUCATION DEPARTMENT
MANAGEMENT SERVICES UNIT
EDUCATION BUILDING ANNEX, ROOM 475
ALBANY, NY 12234
APPLICATION FOR APPROVAL OF
LEASE-PURCHASE AGREEMENT FOR INSTRUCTIONAL EQUIPMENT
Section I. General Information
A. Name of School District
B. County of Location
C. Name & Address of Vendor
Section II. Contents of the Agreement
A. Description of equipment to be acquired:
B. Description of how equipment will be used in the instruction of students:
C.
Proposed Date of Execution of the Agreement:
Month / Day / Year
D.
Length of the Agreement:
From
Through
School Fiscal Year
School Fiscal
Year
E.
Annual Payments to Vendor:
School Fiscal Year
Amount of Payment
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
__________________
_________________
TOTAL
$______________________
F.
Was the contract awarded as a result of competitive bids taken in accordance with the
provisions of Section 103 of General Municipal Law?
_____
_____
YES
NO
G.
If answer to F. above is NO, please provide an ex planation in the space provided below:
I hereby certify that the information contained in this application is true and correct to the best of
my knowledge:
________________________________
___________
Superintendent of Schools
Date
FOR SED USE ONLY
Approved:
Disapproved:
Reason for Disapproval:
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
SED Official
Date
ATTACHMENT
CHAPTER II COMMISSIONER'S REGULATIONS 170.7
170.7 Lease-purchase of instructional equipment.
(a) The board of education of any school district may enter into agreements for the lease-purchase
of instructional equipment, in accordance with section 1725-a of the Education L
aw and this
section, with the payments to be applied against the purchase price of the equipment.
(b) All such lease-purchase agreements shall be subject to writte n approval of the commissioner
before ex ecution. Applications for approval of lease-purchase ag
reements shall be in the form
prescribed by the commissioner and shall be submitted no more than 90 da ys and no le ss than 30
days prior to the da te of e xecution of the a greement. A variance may be granted from the time
limitations for submission of such applications upon a showing
of good cause satisfactory to the
commissioner.
(c) As used in Education L aw, section 1725-a, and this section,
instructional equipment m eans
instruments, machines, apparatus or other ty
pes of equipment, which are used
directly in the
instruction of students and which:
(1) are not consumed in use and retain their original shape and appearance with use;
(2) are not expendable items such as textbooks or supplies;
(3) are not capital improvements, as such term is defined to subdivision 9 of section
2 of the Local Finance Law; and
(4) do not lose their identity through incorporation into a different or more complex
unit.

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