Definitions for "CAPITAL OUTLAY"
In California State government, the term capital outlay includes purchase of land and related costs, construction projects and related costs, and equipment related to a construction project. Construction projects include new construction, alteration, and extension or betterment of existing structures. Capital outlays are classified as either Major Projects or Minor Projects. Each State department or agency must submit to the State Department of Finance, by February 1 of each fiscal year, a five-year plan for capital outlay.
Generally, expenditures to acquire or construct real property.
The expenditure of funds to acquire land or pay for the construction of facilities such as highways, bridges, buildings, additions and modification of portions of such facilities. Capital outlay does not include payments to contractors for maintenance activities or day labor activities. This is one of the three "characters" used in displaying the Governor's Budget.