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Leases

New leases and renewals that exceed $100,000 on an annual basis are considered capital leases. Leases exceeding this threshold must be approved by the full Commission. CHE reviews the programmatic needs and the proposed funding source(s).

The General Services Division of the Budget & Control Board assists the College during the solicitation and negotiation process. Staff can approve leases that do not exceed $1 million during a five-year period. Leases that do exceed that threshold are subject to the review and approval by the Joint Bond Review Committee and the Budget & Control Board.