(1) As used in this section, "lease" means for a procurement unit to lease or lease-purchase a procurement item from a person. (2) This section does not apply to the lease of real property. (3) A procurement unit may not lease a procurement item unless the procurement unit complies with the requirements of this section. (4) A procurement unit may lease a procurement item if: (a) the procurement officer determines that it is in the best interest of the procurement unit to lease the procurement item, after the procurement officer: (i) investigates alternative means of obtaining the procurement item; and (ii) considers the costs and benefits of the alternative means of obtaining the procurement item; (b) all conditions for renewal and cost are included in the lease; (c) the lease is awarded through a standard procurement process, or an exception to a standard procurement process described in Part 8, Exceptions to Procurement Requirements; (d) for a standard procurement process, the invitation for bids, request for proposals, or request for quotes states: (i) that the procurement unit is seeking, or willing to consider, a lease; and (ii) for a lease purchase, that the procurement unit is seeking, or willing to consider, a lease- purchase; (e) the lease is not used to avoid competition; and (f) the lease complies with all other provisions of law or rule applicable to the lease.
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