Lease-Purchase Agreements for Instructional Equipment
Section 1725-a of the Education Law authorizes school districts to enter into lease-purchase agreements for instructional equipment subject to the bidding requirements of the General Municipal Law. All such agreements shall be subject to written approval of the Commissioner before execution. Applications for approval of lease-purchase agreements shall be submitted no more than 90 days and no less than 30 days prior to the date of execution of the agreement.
The form(13.9KB) prescribed by the Commissioner for obtaining approval of such agreements is available in the .pdf file format (viewable through the Adobe Acrobat Reader). A html version of the form (you'll have to do some editing and aligning once you import it into your word processing package).