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State budget staff propose new tracking and reporting for capital project funds to prevent commingling
Summary
Legislative staff proposed separating state, higher-education and public-education capital line items, more oversight of transfers, and a 30-day notification requirement for intra-project transfers to give lawmakers clearer sight of funds appropriated for building projects.
A staff member identified in the hearing as Sean outlined a set of recommendations to improve transparency and oversight of capital project funds managed by the Division of Facilities Construction and Management (DFCM).
"When projects come in under budget, it can be used for contingency or for reserve and applied to other projects," Sean told the Transportation Infrastructure Appropriations Subcommittee, and the office said the current practice has made it harder for the…
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