2004 Special Session I

Budget Amendments - SB5001 (Committee Approved)

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Feasibility of public-private dormitory ventures (language only)

Item 4-4.01 #1s

Item 4-4.01 #1s

Capital Projects

Page 458, line 23, before "Any alternative...", insert "Prior to requesting authorization for new dormitory capital projects, institutions of higher education shall conduct a cost study to determine whether an alternative financing arrangement or public-private transaction would provide a more effective option for the construction of the proposed facility.  This study shall be submitted to the Department of Planning and Budget as part of the budget development process and shall be evaluated by the Governor prior to submitting his proposed budget."

(This amendment is self-explanatory.)