(CNN) - The Republican Governors Association raised $22.1 million in the first half of the 2011, the group announced Tuesday.
According to the RGA, the haul eclipses figures from 2007 and outpaces totals from similar periods in 2008 and 2009.
The fundraising arm responsible for electing Republican governors now has $16.2 million cash on hand after retiring $3 million in debt. During the same period in 2007, a comparable off-cycle election year, the RGA had $8.1 million cash on hand.
In 2011 and 2012 14 governor's seats are up for grabs, including four this year. Nine of those governorships are currently held by Democrats and five by Republicans. Thirty-seven governor's seats were contested in last year's elections.
"The RGA's record breaking fundraising reflects our governors' position as the leaders of our Party," RGA Chairman Rick Perry said in a statement. "Republican governors are proving that the states are the most effective places from which to transform and save our country, and the RGA benefits from their leadership."
The three-term Texas governor is considering a bid for the GOP presidential nomination in 2012 but has not made a decision publicly.
The Democratic Governors Association has yet to release their fundraising figures from this cycle.