Section 304. Direct Leasing of Personal Property
An institution may acquire and lease personal property pursuant to a binding arrangement for the leasing of such property to a customer upon terms requiring payment to the institution, during the minimum period of the lease, of rentals which in the aggregate will exceed the total expenditures by the institution for or in connection with the acquisition, ownership, maintenance and protection of the property.
(304 amended Oct. 24, 2012, P.L.1336, No.170)