D-560 Lease and Rental of Facilities
| Authority | Vice President of Finance and College Operations/CFO |
| Effective Date | August 21, 1974 |
| Revision Date | March 30, 2022 |
| Reviewed Date | March 21, 2007 |
| Related Policies | |
| Related Forms, Policies, Procedures, Statute |
Wisconsin Statutes 38.04 (10) Wisconsin Administrative Code TCS 5.04 (3) |
The College may rent, or lease facilities deemed necessary and appropriate for the delivery of instruction or related support services. All rental and lease agreements shall contain a provision allowing for termination of the agreement before the expiration of the agreement. The Supervising Executive may approve and sign short-term agreements (less than one (1) year in duration) that do not contain indemnification language, provided that adequate funds are budgeted for this purpose and the total cost of the lease does not exceed $5,000. Any lease with a term of one (1) year or longer shall require the approval of the District Board. In addition, any lease exceeding $50,000 and a term of more than three (3) years requires the approval of the Wisconsin Technical College System Board (WTCSB) before the agreement is finalized. Once approved, the District Board Chairperson and the President/District Director shall sign all long-term agreements.