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Capital Budget Rider Appropriations (APS 026)

FPP A.012

Lease of Capital Assets

GAA, Article IX, Section 14.03(g) allows agencies to lease capital assets from the amounts appropriated for capital budgets only if the agency to which the appropriation is made provides a report to the Comptroller’s office specifying the sum of the lease payments to be made during the biennium for the capital budget item being acquired. The Comptroller’s office shall reduce the appropriation made by this Act for the capital budget item in an amount equal to the difference between the appropriated amount and the sum of the lease payments for the biennium.