2003 Session

Budget Amendments - SB700 (Committee Approved)

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Increase threshold for maintenance reserve projects (language only)

Item C-0 #2s

Item C-0 #2s

General Conditions
General Conditions

Page 504, strike lines 51 through 54.
Page 505, strike lines 1 through 8 and insert:
E.1. Expenditures from Items in this act identified as "Maintenance Reserve" are to be made only for the maintenance of property, plant and equipment to the extent that funds included in the appropriation to the agency for this purpose in Part 1 of this act are insufficient. Such expenditures shall be subject to rules and regulations prescribed by the Governor.  
2. Institutions of higher education can expend up to $1,000,000 for a single repair or project through the maintenance reserve appropriation without a separate appropriation.  The Department of Planning and Budget is authorized to provide an exemption to the maintenance reserve threshold of $1,000,000 if a requested project exceeds this amount, but meets all other program criteria and can be handled more cost-effectively as a single project.
3.  Only facilities supported wholly or in part by the general fund shall utilize general fund maintenance reserve appropriations.  Facilities totally supported by nongeneral funds shall accomplish maintenance through the use of  nongeneral funds."

(This amendment is part of a package to delegate additional authority to institutions of higher education for handling administrative functions on campus. The amendment increases the current $500,000 threshold established administratively with $1 million and allows the Director of the Department of Planning and Budget to grant exemptions, as necessary. Under this amendment, institutions would still be required to comply with all other maintenance reserve policies and guidelines.)