By entering into a lease-purchase agreement with Comvest, school boards can obtain ownership without debt obligation. Lease-purchase agreements stipulate that payments from tax-exempt agencies are subject to annual appropriations. Payments are regarded as a current obligation, not a debt, and require only the approval of the governing body rather than a public referendum.

County boards of education renew the lease annually until full performance of the lease, at which time ownership passes to the board. Comvest's lease-purchase program enables schools to cope with shrinking revenues and tax base. Instead of putting off major equipment purchases, Comvest works with representatives to take advantage of good market opportunities and the lowest rates available. 

What can I lease?

All types of essential school equipment, vehicles, and buildings, including, but not restricted to: buses, bleachers, computers, library equipment, cafeteria equipment, HVAC equipment, office equipment, kitchen equipment, additions to buildings.

Recreation

Fitness Equipment

Transportation

Qualified Zone Academy Bonds (QZAB) and Qualified School Construction Bonds (QSCB)

Would  interest free financing help your county's school system?  Are your schools in need of renovation and repairs?

Call Comvest today to speak with our QZAB placement agent.

West Virginia Association of School Administrators
West Virginia Association of School Business Officials