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State Equipment Finance Program

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Mission

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 2020 Executive Budget includes a new $93 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 $94.6 million, which will continue to support similar equipment acquisitions.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
FY 2019
Appropriations
Recommended
FY 2020
Change From
FY 2019
Reappropriations
Recommended
FY 2020
Capital Projects 0 93,000,000 93,000,000 94,632,000
Total 0 93,000,000 93,000,000 94,632,000

CAPITAL PROJECTS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Comprehensive Construction Program Available
FY 2019
Recommended
FY 2020
Change Reappropriations
FY 2020
Equipment Acquisition
Capital Projects Fund - Authority Bonds 0 93,000,000 93,000,000 0
Program Changes and Expansion
Capital Projects Fund - Authority Bonds 0 0 0 94,632,000
Total 0 93,000,000 93,000,000 94,632,000

Note: Most recent estimates as of 1/15/2019

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