We are accepting financing proposals for lease-purchase financing, with a $1 lease-end buyout, for the compressed natural gas (CNG) vehicles listed below. Interest on the lease will not be excludable from gross income for federal income tax purposes. Interest on the lease is exempt from State of Oklahoma income tax. The following CNG vehicles may qualify for state and/or federal tax credits under a leasepurchase agreement. OEMA makes no representation concerning the qualification for, or availability of, tax credits. It is the bidder’s responsibility to make this determination. All lease documentation will be prepared by The Public Finance Law Group PLLC (“PFLG”) and PFLG will provide a bond counsel opinion with respect to the transaction. The lease documentation will include a governmental non-appropriations clause.
