Master Lease Financing

The Wisconsin Master Lease Financing vehicle is a state-wide contract designed to provide financing for equipment and related intangibles for Wisconsin state agencies. The contract enables agencies to acquire essential equipment through a structured leasing program, with specific restrictions on eligible assets. Qualified purchases include equipment and intangible assets, with explicit exclusions for buildings, real estate, and land. The vehicle supports equipment financing with lease terms not exceeding seven years (three years for computer-related items), offering a flexible financing mechanism for state agency procurement needs.

The Master Lease Financing vehicle is administered by the Wisconsin Department of Administration's Capital Finance Office, with Firstar Bank of Milwaukee serving as the primary lending facility. The contract, originally established on August 15, 1992, has been extended through various amendments, with a documented extension to August 14, 1999, at the time of the referenced government file. The financing mechanism features a variable interest rate calculated at the 90-day LIBOR rate plus 0.56%, with potential conversion to fixed tax-exempt rates. Lease payments are processed semi-annually on February 1st and August 1st, and are automatically deducted from agency appropriations, providing a streamlined financial process for state equipment acquisitions.