2318 Facility Lease Payments

Document purpose

To ensure the timely and accurate payment of authorized facility lease obligations

effective

December, 1986

revised

November, 2006

Reviewed

July, 2020

Responsible Office

Comptroller

Approval

Comptroller

Policy

  1. The Office of the Treasurer is responsible for initiating all facility lease payments. 

  2. Facility lease payments will be processed through the Accounts Payable department using the appropriate Comptroller’s Office disbursement form. 

  3. Requests for lease payments must conform to the Facility Lease Payment Schedule as developed by the Office of the Treasurer. 

  4. Leases executed subsequent to the annual approval of the Facility Lease Payment Schedule must be approved individually by the Vice President for Finance and added to the schedule prior to any payment thereon.