Specifications include, but are not limited to: It is anticipated that the State will enter into a Master Lease Purchase Agreement, substantially in the form attached as Attachment A, with the successful respondent of this Request for Proposal (the “Provider”) for the Master Lease Purchase Financing Program. Such agreement will specify the terms and conditions of the transaction which will essentially be a “Net Lease,” except that lease payments will be subject to annual appropriations. Takedowns under the agreement will be limited to no more than two per month and the funds drawn will be used by the Lessee either to pay the cost of equipment/construction to vendors directly or to reimburse the Lessee for payments it has made. Each such takedown will constitute an addendum (schedule) to the Master Lease Purchase Agreement and such addendum will describe the leased equipment/construction, the lease term and will contain a separate schedule of lease payments to each item of equipment/construction. The term for each addendum will commence on takedown.
