(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 to all other provisions of law or rule applicable to the lease.

(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;

(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;

(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 to all other provisions of law or rule applicable to the lease.