2005 Session

Budget Amendments - SB700 (Conference Report)

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

Item 4-4.01 #3c

Item 4-4.01 #3c

Capital Projects

Page 574, strike lines 22 through 27, and insert:.
"6.a.  At institutions of higher education that have met the eligibility critieria for additional operational and adminstrative authority as set forth in Senate Bill 1327/House Bill 2866, any repair, renovation, or new construction project 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 consistent with the provisions of Senate Bill 1327/House Bill 2866, 2005 Acts of Assembly.)