The Capital Finance and Facilities Planning section has direct responsibility for managing several independent financing programs, coordinating, statewide budgeting for bonds and capital construction, and coordinating statewide facilities planning. The section is responsible for approval of state Article XI-Q bonds and other financing agreements. XI-Q bonds are the primary source for financing facilities and capital equipment (excluding article XI-G and XI-F bonds for Higher Education).
Other section duties include:
- Coordinating issuance of State Lottery Bonds and Tax Anticipation Notes (TANs)
- Administering the Pension Obligation Bond Program
Capital Finance and Facilities Planning is also charged with managing the
statewide facility planning process. With input from the
Capital Projects Advisory Board (CPAB), this process evaluates the needs and conditions of state facilities, establishes and implements guidelines and standards for acquiring, managing and maintaining state facilities and provides financing and budgeting strategies to allocate resources to facility needs. The section establishes criteria for evaluating proposed state-owned facilities, maintains related databases of state-owned property, and oversees data collection, analysis, and benchmarking related to the utilization and stewardship of existing facilities.