Equipment Leasing Authority (ELA)
The Equipment Leasing Authority (ELA) was incorporated in 1980 to serve as a financing mechanism enabling the City of Pittsburgh to make major equipment purchases, primarily vehicles. The ELA would issue bonds, buy the vehicles, hold title to those vehicles, and lease them to the City. The lease payments amortized the bonds.
The last ELA bonds were retired in 1997. Since then the ELA has continued its role as the City's central player in Fleet aquisition, maintenance, repair, and replacement. The current ELA Board includes the City's Capital Budget Manager, the Mayor's Chief Operations Officer, City Council's Budget Director, one member of City Council, and one individual from Public Safety.
None beyond those for OMB or City Council.