Capital outlay in government refers to the funds used to build, improve, or equip physical property that will be used by the public. Capital outlays are budgeted and administered differently from program operations, and there is no base level of program expenditures. Capital outlay expenditures are for the acquisition cost of capital assets, such as equipment, or expenditures to make improvements to capital assets that materially increase their value or useful life. All capital outlay, regardless of the dollar amount, requires specific approval from the relevant government agency. Capital outlay funds are used to purchase capital outlay only when necessary to accomplish project objectives. The Capital Outlay Program provides a source of funding for public improvement type projects not eligible for funding through any of the other programs. The Capital Outlay Act includes projects that have been proposed, reviewed, and evaluated in accordance with constitutional and statutory provisions and excludes any project deemed not feasible after evaluation. The proposed state construction program is submitted to the Louisiana Legislature annually, and the document includes state and some local projects financed with state and federal funds as well as state general obligation bonds and fees and self-generated revenues.