"Adjusted or net capitalized cost" defined
Sec. 1. As used in this chapter, "adjusted or net capitalized cost"
means the capitalized cost, less any capitalized cost reduction
payments made by a retail lessee at the inception of a lease
agreement. The adjusted or net capitalized cost is the basis for
calculating the amount of a retail lessee's periodic payment under a
lease agreement.
As added by P.L.86-1996, SEC.8.
Last modified: May 27, 2006