Other pages about the topic: Facilities Planning
The Office of Financial Management’s Facilities Oversight and Planning Program oversees real estate procurement and management by applying a statewide perspective to analysis, long-term planning, policy development, and state facility portfolio management.
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: