State Equipment Finance Program
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The State Equipment Finance Program provides capital funding to State agencies for the acquisition or modernization of various types of equipment.
Budget Highlights
The FY 2021 Executive Budget includes a new $100 million appropriation to acquire or modernize State equipment. This centralized approach to equipment acquisition allows the State to allocate additional capital funding based on enterprise-wide assessment of agency needs. Equipment purchases may include the acquisition and/or modernization of information systems, health and safety equipment, heavy equipment and machinery, security systems, and laboratory equipment.
The Executive Budget recommends the reappropriation of $187 million, which will continue to support similar equipment acquisitions.
| Category | Available FY 2020 |
Appropriations Recommended FY 2021 |
Change From FY 2020 |
Reappropriations Recommended FY 2021 |
|---|---|---|---|---|
| Capital Projects | 93,000,000 | 100,000,000 | 7,000,000 | 186,690,000 |
| Total | 93,000,000 | 100,000,000 | 7,000,000 | 186,690,000 |
| Comprehensive Construction Program | Available FY 2020 |
Recommended FY 2021 |
Change | Reappropriations FY 2021 |
|---|---|---|---|---|
| Equipment Acquisition | ||||
| Capital Projects Fund - Authority Bonds | 93,000,000 | 100,000,000 | 7,000,000 | 93,000,000 |
| Program Changes and Expansion | ||||
| Capital Projects Fund - Authority Bonds | 0 | 0 | 0 | 93,690,000 |
| Total | 93,000,000 | 100,000,000 | 7,000,000 | 186,690,000 |
Note: Most recent estimates as of 01/29/2020
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