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State higher education panel and governor back $200 million for university capital improvement fund
Summary
At a May 2 public hearing on Senate Bill 5506, the Higher Education Coordinating Commission and university officials described a proposal in the governor's recommended budget to increase the Capital Improvement and Renewal (CINR) fund to $200 million and explained how the fund differs from larger, legislatively named building projects.
The Higher Education Coordinating Commission and university leaders told the Joint Capital Construction Committee of Ways and Means on May 2 that the governor's recommended budget would boost the Capital Improvement and Renewal (CINR) fund to $200,000,000 in Article 11‑Q bonds to pay for roofs, HVAC upgrades, ADA improvements and other smaller renewal projects across the state university system.
Ben Cannon, executive director of the Higher Education Coordinating Commission, said the CINR fund is intended for smaller renewal and improvement work rather than whole‑building replacements or new construction. "This is a fund that we administer on a formula basis for universities to make upgrades to HVAC systems, roofs, ADA accessibility, or other deferred maintenance needs," Cannon said.
The recommendation would…
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