Florida Administrative Code › 69 - DEPARTMENT OF FINANCIAL SERVICES › 69I - Division of Accounting and Auditing › Chapter 69I-3 - CONSOLIDATED EQUIPMENT FINANCING PROGRAM › Section 69I-3.001 - Consolidated Equipment Financing Program

Current through Reg. 50, No. 138; July 16, 2024
(1) For the purposes of this rule chapter,
				the following definitions shall be used:
(a)
				"Additional Services" means administrative and any other services associated
				with managing the Consolidated Equipment Financing Program.
(b) "Agency" for purposes of this rule, means
				any eligible participant in the Program, including the state or its agencies,
				as authorized by section
				 287.064(1),
				F.S., each department, agency, board and commission in the executive branch,
				the judicial branch and the legislative branch of Florida government.
(c) "Chief Financial Officer" means the head
				of the Department of Financial Services, whose deferred payment commodity
				contracting duties are carried out by and through its Division of Accounting
				and Auditing. However, the Chief Financial Officer's duty to execute the master
				equipment financing agreements is not delegated to the division.
(d) "Educational Institution" means state
				universities and state community colleges who also participate in the
				Consolidated Equipment Financing Program as authorized by section
				 287.064(1),
				F.S.
(e) "Interagency Agreement"
				means an equipment financing agreement between a financial institution and the
				Agency or Educational Institution, based on the executed Master Equipment
				Financing Agreement. The respective Agency or Educational Institution is
				responsible for all payments under its completed and approved Interagency
				Agreement. Equipment purchased by the Interagency Agreement shall be directly
				billed by the financial institution to the respective Agency or Educational
				Institution.
(f) "Master Equipment
				Financing Agreement" means a master equipment financing agreement to be
				executed pursuant to section
				 287.064, F.S., for the purpose
				of implementing a consolidated financing program for the acquisition of
				equipment by deferred payment purchases, as defined by section
				 287.064(1),
				F.S., made by or on behalf of the State of Florida or its agencies or by or on
				behalf of Educational Institutions. The term "Master Equipment Financing
				Agreement" includes all agreements and contracts necessary or convenient for
				the establishment of a Master Equipment Financing Agreement.
(g) "Master Equipment Financing Agreement for
				Conservation Measures" means a master equipment financing agreement to be
				executed pursuant to section
				 287.064(10),
				F.S., for the purpose of implementing a consolidated financing program for the
				financing of the cost of energy, water, or wastewater efficiency and
				conservation measures ("Conservation Measures") as defined in section
				 489.145, F.S.
(h) "Program" means the Consolidated
				Equipment Financing Program, which shall consist of the program of financing
				the deferred payment purchases of equipment on behalf of the State, Educational
				Institutions or State Agencies pursuant to section
				 287.064, F.S.
(i) "Rent" means the amount of payment for a
				period as defined in an Interagency Agreement within a Master Equipment
				Financing Agreement.