Technology-Leases-Over-$100,000

Published: 8/31/2015 2:53 PM
Technology Leases Over $100000 Checklist Dated 6-19-15.doc

KRS 65.944(1)(b) and 702 KAR 3:300 establish the requirement and procedures for school district leases in excess of $100,000 to be approved by the Commissioner of Education. In addition, a district may request the approval of a technology lease agreement in excess of $100,000 by completing the Technology Leases Over $100,000 Checklist below and submitting the completed checklist along with the district’s proposed technology lease agreement and other required documents on or by May 30, 2015 through e-mail to Renee Thomas (renee.thomas@education.ky.gov) and copy Denise Hartsfield (denise.hartsfield@education.ky.gov) at the Kentucky Department of Education, Division of District Support.
 
702 KAR 3:300, Section 2 limits technology lease term to the five (5) year useful life of the equipment and approval of the district's technology plan.
 
Effective FY2016, a letter or email from the district’s finance officer confirming the lease funding source(s) and available funds is required to be submit with the district’s proposed technology lease agreement and other required documents.

 

 

For more information contact:
Renee Thomas
500 Mero St. 15th Fl
Frankfort, KY 40601
Phone: 502-564-3846 x4454