Technology-Leases-Over-$100,000

Published: 5/12/2014 8:15 AM

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 by e-mail to Jeffrey Coulter (jeffrey.coulter@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 3 years. Districts planning to enter into a technology lease with a lease term greater than 3 years, must be granted a waiver of 702 KAR 3:300, Section 2 by the Kentucky Board of Education (KBE) through the Kentucky Department of Education (KDE).  Technology leases with a lease term greater than 3 years will be considered by KDE for approval and KDE will request retroactive ratification of the waivers from the KBE on behalf of the districts as needed.

 

 

 
Jeffrey Coulter
Office of Administration and Support
Division of District Support
500 Mero Street, 15th Floor CPT
Frankfort, KY 40601
(502) 564-3846
Fax (502) 564-6771