The borrowing agency will be charged a late fee of $25 per day will be charged for each day beyond the agreed upon delivery return date.
The borrowing agency is required to reimburse AZ LTAP for the repair or replacement cost of any equipment that receives obvious intentional or negligent damage.
In the case of obvious accidental damage, the borrowing agency is required to reimburse AZ LTAP for any repairs required to return the equipment to its best possible operation. If the equipment cannot be repaired, the borrowing agency is required to reimburse AZ LTAP for 50% of the replacement cost of the equipment.
If an item is stolen, the borrowing agency is required to file a police report and to provide a copy of that report and any other related documentation to AZ LTAP.
If an item is lost, the borrowing agency is responsible for 100 percent of the replacement cost since the equipment is required to be stored in a secure storage location (see Proper Use and Handling).
A copy of the AZ LTAP Equipment Loan Program Policies will be provided to all borrowing agencies. A signature is required from the borrowing agency at the time of delivery/receipt recognizing the AZ LTAP borrowing policies and terms.