The State Treasurer’s Office provides lease financing opportunities for State agencies and higher education institutions for capital equipment and energy efficiencies. Periodically the State Treasurer’s 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 appropriate agency. The term of finance for eligible capital equipment that meets the Lease Purchase Financing Guidelines established by the Office is typically three- or five-years. Financings through the Energy Performance Lease-Purchase program generally extend for terms of 13 to 15 years. The annual savings from the Energy Performance Contract is required to cover these lease payments.
NO Lease financing invoices should be paid in advance without approval from the State Treasurer’s Office.