State Equipment Finance Program
skip breadcrumbsMission
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 2023 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 $366 million, which will continue to support similar equipment acquisitions.
| Category | Available FY 2022 |
Appropriations Recommended FY 2023 |
Change From FY 2022 |
Reappropriations Recommended FY 2023 |
|---|---|---|---|---|
| Capital Projects | 100,000,000 | 100,000,000 | 0 | 365,834,000 |
| Total | 100,000,000 | 100,000,000 | 0 | 365,834,000 |
| Comprehensive Construction Program | Available FY 2022 |
Recommended FY 2023 |
Change | Reappropriations FY 2023 |
|---|---|---|---|---|
| Equipment Acquisition | ||||
| Capital Projects Fund - Authority Bonds | 100,000,000 | 100,000,000 | 0 | 273,214,000 |
| Program Changes and Expansion | ||||
| Capital Projects Fund - Authority Bonds | 0 | 0 | 0 | 92,620,000 |
| Total | 100,000,000 | 100,000,000 | 0 | 365,834,000 |
Note: Most recent estimates as of 05/11/2020