CAPITAL EQUIPMENT & IMPROVEMENT FINANCING PROGRAM
Due to changes in the CAP law and new policies issued by the New Jersey Division of Local Government services, the MCIA's annual Capital Equipment Lease Program became the Capital Equipment Financing Program in 2008. Equipment and capital improvements are now included under the program. Most items financed continue to be outside the CAP and there is no required down payment. It is expected that the usual efficiencies of scale and cost savings will be realized through this newly-constructed financing program.

CAPITAL EQUIPMENT LEASE PROGRAM FOR MUNICIPALITIES, 1992-2007
The MCIA offers pooled equipment financings to interested municipal governments and Middlesex County agencies.

Since its inception in 1992, the program has saved local governments more than $3 million in equipment purchases and debt service. This pooled financing program helped participants obtain equipment that they otherwise might have been unable to afford.

Participants in these annual pooled financings, from 1992 to the present,  include Middlesex County as well as  the municipalities of Carteret, Cranbury, Dunellen, Edison, Highland Park, Metuchen, Milltown, Monroe, North Brunswick, Old Bridge, Perth Amboy, Sayreville, South Amboy, South Brunswick, South Plainfield, South River and Spotswood.

For more information on the Capital Equipment Lease Program for Municipalities, call the MCIA at (609) 655-5141 or e-mail us.