STATEWIDE MASTER LEASE PURCHASE PROGRAM
The State of Nevada, Purchasing Division, on behalf of the State Treasurer, implemented a Statewide Master Lease Purchase Program to provide lease purchase financing to governmental entities to finance their acquisition of needed goods or make improvements to existing lessee owned buildings, such as re-carpeting, re-roofing, HVAC systems, energy retrofits, etc. For many years, State agencies and political subdivisions entered into lease purchase contracts with individual lessors. In 1994 the Nevada State Treasurer initiated the Nevada Master Lease Program (NMLP) through the Nevada Master Lease Corporation. The NMLP was offered as a financing alternative to Nevada political subdivisions and others authorized by law. The current program combines these two activities under a Statewide Master Lease Purchase Program.
