AGENCY: Department of Government Operations. Division of Finance. Financial Reporting Office

SERIES: 8393
TITLE: Leasing agreements between state agencies and the division of finance
DATES: 1984-
ARRANGEMENT: Chronological

DESCRIPTION: In 1984, the state of Utah sold $34,490,000.00 worth of revenue bonds for the purchase of equipment for agencies. These files are the lease agreements with agencies using this money for purchases. This is the documentation for the repayment of the bond notes. Rent goes towards repayment of bonds. After 1985, the Legislature changed repayment method; only agencies involved in agreements before 1985 will continue to fund repayments. Agreements are between the agencies and DAS. Trustee statements are monthly. This record includes bond documents, lease agreements, trustee statements, policies and procedures, what equipment was bought, the annual payment schedule, the amount, the security agreement if there is a lien on the equipment, and the name of the division purchasing the equipment.

RETENTION

Retain for 13 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series were specifically approved by the State Records Committee.

APPROVED: 08/1986

FORMAT MANAGEMENT

Paper: Retain in Office for 7 years and then transfer to State Records Center. Retain in State Records Center for 6 years and then destroy.

APPRAISAL

Administrative Fiscal

This retention is based on the retention set down in New York's Records Retention and Disposition Schedule No 215.

PRIMARY DESIGNATION

Public

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