<html> <head> <title>Rule 67:16:29:06 Rental payments applied to purchase.</title> <META NAME="Keywords" Content="Administrative Rules 67:16:29:06"> <META NAME="Description" Content="Administrative Rules 67:16:29:06 Rental payments applied to purchase."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>67:16:29:06.&nbsp;&nbsp;Rental payments applied to purchase.</b> When equipment is rented, the rental payments must be applied toward the allowable purchase price of the equipment.&nbsp; The department shall consider the equipment purchased when 12 rental payments have been made without a break in rental payments of three or more consecutive months. A new rental period begins when a break in rental payments of three or more consecutive months occurs. If the total of the 12 rental payments is less than the allowable purchase price of the equipment, the department shall consider the equipment purchased when the total rental payments equal the allowable purchase price. In either case, once the equipment is purchased, the provider may not submit an additional claim for payment of the equipment purchased.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 14 SDR 46, effective September 28, 1987; 16 SDR 239, effective July 9, 1990; 17 SDR 194, effective July 1, 1991; 18 SDR 210, effective June 23, 1992; 25 SDR 18, effective August 18, 1998.</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1(2).</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=28-6-1">28-6-1(2).</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>