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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 260. Office of Management and Enterprise Services |
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Chapter 65. Construction and Properties |
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Subchapter 15. Energy Services Contracts |
SECTION 260:65-15-10. Payment of contract
Latest version.
- (a) Lease-purchase agreements shall be competitively bid through the Purchasing Department of the Office of Management and Enterprise Services unless determined by the Executive and Legislative Bond Oversight Commissions to be more cost effective if financed through negotiated sales.(1) If the sale is to be executed on a negotiated basis, such financing shall be subject to the provisions of the Oklahoma Bond Oversight and Reform Act, 62 O.S. 1991, §695.1 et seq.(2) If the sale is to be competitively bid, such financing shall be processed through the Purchasing Department of the Office of Management and Enterprise Services. [74 O.S. Supplement 1993, Section 85.4(G.2)](b) The term of the lease purchasing financing shall be in conformance with and governed by 74 O.S. Section 85.4(I)(4).