Expands the definition of fixed assets to include consumption-based solutions.

This bill amends the state finance law to expand the definition of fixed assets to include consumption-based solutions. These solutions may involve software, hardware, equipment, data, and labor or services, provided on a metered and billed basis according to actual usage. This change aims to modernize the definition of fixed assets to encompass contemporary technology acquisition methods.

Expands the definition of fixed assets to include consumption-based solutions.

This bill amends the state finance law to expand the definition of fixed assets to include consumption-based solutions. These solutions may involve software, hardware, equipment, data, and labor or services, provided on a metered and billed basis according to actual usage. This change aims to modernize the definition of fixed assets to encompass contemporary technology acquisition methods.