2005 Session

Budget Amendments - SB700 (Committee Approved)

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Hi Ed - $1 million threshold for capital projects (language only)

Item 4-4.01 #3s

Item 4-4.01 #3s

Capital Projects

Page 574, strike lines 22 through 27, and insert:.
"6.a.  Any repair, renovation, or new construction project at any institution of higher education costing up to $1,000,000 shall be exempt from the capital outlay review and approval process.  For purposes of this paragraph, projects shall not include any subset of a series of projects, which in combination would exceed the $1,000,000 maximum."
Page 574, line 28, strike "c." and insert "b.".

(This amendment allows all public institutions of higher education to address capital repairs, renovations, and construction costing up to $1 million through operating revenues. This language is the result of work by the joint subcommittee studying the relationship between the state and its public higher education institutions and is contingent upon the passage of Senate Bill 1327. )