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Ways and Means reports out multiple bond and capital construction packages including $443M in lottery bonds and broad capital construction authority
Summary
The committee recommended multiple bond authorizations and capital construction limits: $650M Article 11Q for LIFT and supportive housing, university and college bonds, $443M in lottery bonds for 45 projects (SB 5531), and $1.4 billion in capital construction expenditure limitation (SB 5506).
The committee advanced a package of capital construction and bond authorization measures covering university projects, community college funding, school seismic rehabilitation, school matching grants, port and channel projects, public works, and housing programs.
Senate Bill 5 505 would limit maximum bond issuance authority and included $650,000,000 of Article 11Q bonds for Local Innovation and Fast Track (LIFT) housing and permanent supportive housing, $315,000,000 of Article 11GS and 11Q bonds for public university projects, and $139,000,000 of Article 11F bonds for two public university projects…
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