Other pages about the topic: Facilities Oversight
Section 1085 of the enacted 2013-15 capital budget (ESSB 5035) calls for the Office of Financial Management (OFM) to review and recommend best practices of real estate policies related to lease or construction of commercial office space and warehouse facilities.
State law requires the Office of Financial Management (OFM) to establish, deploy and maintain the state’s life cycle cost model for conducting analysis of various facilities' solutions, including ownership and leasing. It also requires OFM to establish policies, standards and procedures related to this model.
The Office of Financial Management (OFM) is required by statute to authorize large leased facilities agreements through the approval of the lease. This includes leases for new space, expansions, relocation, and renewals that include any of the following: