The Master Lease Purchase Program (MLPP) is available to State agencies for the lease purchase of equipment at low, tax exempt interest rates, generally at a much lower cost than vendor or third party financing. Communication systems, medical equipment, laboratory equipment, vehicles, copiers, computers, software, and printers are a few examples of the types of equipment the Program has financed.
MLPP exempt from Purchasing Procedures
MLPP not exempt from Purchasing Procedures
The Program staff monitors agency repayments and is responsible for semi-annual payments to the line of credit provider.
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