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Committee hears how capital building tiers, matches and pool operate; tier 1 set dollars date to formula genesis
Summary
NDUS finance staff explained tiers of the state capital building fund: tier 1 is a set-aside embedded in formula distributions, while tier 2 and tier 3 are competitive pools requiring institutional matches that were increased for 2025–27.
BISMARCK — The committee received a briefing from the university system finance office on capital building funds, how tiers operate, and the matching requirements institutions must meet to access the money. Key points: Jamie Wilkie, NDUS director of finance, explained tier 1 is not a separate appropriated pool but rather a set dollar amount taken from each institution’s formula allocation intended for deferred maintenance and extraordinary repairs; the dollar amounts date back to the formula’s original calculations and reflect historical insurance/valuation work rather than a current…
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