Leasing Programs

Master Equipment Leasing Program

The Treasury Board is responsible for the operation and administration of the Master Equipment Lease Program for the lease financing of personal property by State agencies and institutions. Personal property is defined as new or reconditioned tangible personal property and includes personal property to be affixed to realty. The program is also used to finance energy efficiency projects. Under the Program, the Treasury Board procures a line of credit from financing companies under the terms of a Master Lease Agreement under which individual agencies and institutions can finance equipment over 3, 5, 7 and 10-year terms. Agencies are responsible for lease payments to the finance company from their biennial appropriations. The consolidation of lease purchasing under this Program results in a lower interest costs for agencies than would otherwise be possible if agencies individually entered into leasing arrangements. Section 2.2-2417 of the Code provides the statutory authority for this Program.

MELP WEEKLY RATES
Week Ending: 10/19/2026 Rates Effective Thru: 10/26/2026
Monthly Weekly Rates 3-Yr 5-Yr 7-Yr 10-Yr Tax-Exempt 4.4140 4.2490 4.2968 4.4134 Taxable 5.6337 5.4231 5.4840 5.6329 Semi-Annual     Weekly Rates      3-Yr  5-Yr 7-Yr 10-Yr Tax-Exempt 4.3973 4.2800 4.3307  4.4739 Taxable 5.6124  5.4626   5.5273 5.7101 Annual     Weekly Rates        3-Yr    5-Yr 7-Yr 10-Yr Tax-Exempt 4.3907  4.3279  4.4017  4.5494 Taxable 5.6040 5.5238 5.6179 5.8065

Energy Leasing Program

The Treasury Board is responsible for the operation and administration of the Energy Lease Program. The Energy Leasing Program enables Commonwealth agencies to obtain consistent and competitive credit terms for financing energy efficiency improvements. The program provides a financing vehicle for qualifying energy projects that the using agency has evaluated and determined to be appropriate and cost effective. Under the Program, the Treasury Board procures a line of credit from financing companies under the terms of a Master Lease Agreement under which individual agencies and institutions can finance the energy efficiency projects over 12 and 15-year terms. Agencies are responsible for lease payments to the finance company from their biennial appropriations. The consolidation of lease purchasing under this Program results in a lower interest costs for agencies than would otherwise be possible if agencies individually entered into leasing arrangements. Section 2.2- 2417 of the Code provides the statutory authority for this Program.

ENERGY WEEKLY RATES
Week Ending:  10/19/2026 Rates Effective Thru: 10/26/2026
12-Year Tax-Exempt Rate Annual 4.8489 Taxable Rate Annual 6.1868
15-Year Tax-Exempt Rate Annual 5.0321 Taxable Rate Annual 6.4184

Staff Contacts

Leslie M. English	Sandra E. Stanley
Public Finance Manager Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 PH: (804) 371-0341	Senior Public Finance Analyst Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 PH: (804) 225-2268