Capital Lease Financing

Equipment Leases

 The State Treasurer's Office provides financing for equipment, generally for terms of three or five years, for State agencies and Higher Education Institutions using the Capital Lease-Purchase Program. Periodically the State Treasurer's Office procures a lessor, which finances equipment every other month that meets the Lease Purchase Financing Guidelines established by the Office. The lessor is paid semi-annually (January 1 and July 1) from funds transferred at the beginning of each fiscal year from the using agencies.

Energy Leases

The State Treasurer's Office provides financing for energy efficiencies, generally for terms of 13, 14 or 15 years, for State agencies and Higher Education Institutions. Using the Energy Performance Lease-Purchase Program, the Office procures a lessor, who is paid semi-annually (January 1 and July 1) from funds transferred at the beginning of each fiscal year from the using agencies. The savings from the Energy Performance Contracts are used to make the lease payments.

For further information on Debt Management and Lease-Purchase Financing contact Cissy Blasi.

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