New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter I. Audit of Revenues and Accounts Payable from State Funds and Funds Under Its Control |
Part 7. Purchase Orders, Purchase Contracts, Miscellaneous Service Contracts and Purchase Orders |
Sec. 7.14. Equipment acquisitions
Latest version.
- No financed equipment acquisition will be approved by the State Comptroller pursuant to section 112 of the State Finance Law, other than for the State University of New York or for the City University of New York or for the State Legislature, unless the outright purchase cost of such equipment is more than $250,000. Multiple items of the same type of equipment, or related items of equipment, procured pursuant to a single request for proposal may be grouped under one or several contracts, as part of a procurement package to reach the aforementioned dollar level.