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Reviewed Date: May 27, 2021
Leasing a Garbage Truck
MTAS was asked whether the city can lease a garbage truck without permission from the Comptroller's office
January 21, 2015
You have asked if the city can lease a garbage truck without permission from the Comptroller’s office. I contacted Kay Stegall, Finance Consultant, and she could not find anything that would require you to contact the Comptroller’s office for permission to lease, if it is a true lease. However, if you are leasing with intention to purchase at a later date then you would need to contact the Comptroller’s office because the lease in that case is essentially a payment plan, and therefore is a borrowing method, and therefore should be approved by the Comptroller.
Municipal Management Consultant