In order to meet the needs of University departments to acquire certain scientific, administrative support and research equipment, the Colorado State University Research Foundation (CSURF) Equipment Leasing Program was developed in the late 1970’s in conjunction with Colorado State University (CSU). The program was expanded in 1988 to include another school governed by the Board of Governors of the Colorado State University System, Colorado State University – Pueblo. The program has been very successful since its inception, supplying millions of dollars of much needed equipment to the Universities.
The Equipment Leasing Program is administered by CSURF in cooperation with the Vice President for University Operations and Vice President for Research at CSU, and the Vice President for Finance and Planning at CSU – Pueblo.
The Leasing Program is designed to meet the needs of University faculty and staff in meeting their oftentimes desperate need for adequate equipment. The need is almost always immediate but the ability to buy a piece of equipment outright is often impossible. Through the leasing program, a department can acquire equipment and pay for it over a period of years.
There are two lease options available: (I) the The type of lease used is determined primarily by the dollar amount of the requested lease/purchase. The CSURF Lease is designed for equipment purchases of $50,000 or less which can be financed for a term of up to 5 years. The Municipal Lease is for equipment purchases of more than $50,000 and can be financed for a longer term of up to 10 years.