---
urn: urn:us-la:rs:39:1762
citation: "R.S. 39:1762"
status: active
breadcrumb: "Title 39 › Subtitle III › Chapter 17-A"
acts_citations:
  - { year: 1985, number: 758, section: 2, effective_date: 1985-07-17, role: enactment }
---

# Legislative findings and intent

The intent of the legislature in enacting this Chapter is to provide a cost effective means of acquiring essential equipment for the operation of state government. Commercial leases or renting agreements as well as lump sum purchases of equipment have created a burden on the finances of the state, and it has been determined that, pursuant to this Chapter, essential equipment may be obtained using an equipment-lease-purchase contract in conjunction with tax-exempt financing and earnings on investments by nonprofit lessors resulting in lower net equipment costs to the state.