Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can grant funds be used to pay for rental fees for properties or equipment under a lease-purchase condition?

April 26, 2017condition equipment fees funds lease-purchase pay properties rental Used

0

Posted

Can grant funds be used to pay for rental fees for properties or equipment under a lease-purchase condition?

1 Answer

0

Posted

For discretionary grants, the lease-purchase option, whereby the grantee is paying out a purchase over time, is not an allowable condition for any expenditure paid by the grant funds. For formula grants, the lease-purchase option (i.e., Debt Service) is usually available and would be provided in the applicable grant application if allowable.