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Conference negotiators debate funding mixes for campus restoration act, propose mix of APEX, SGF and other transfers
Summary
Conference committee members discussed multiple funding options to pay deferred maintenance and campus restoration commitments to state universities, proposing combinations of Apex funds, ARPA/ARPA-interest and state general fund money while asking staff to draft proviso language and certification conditions.
Conference committee members negotiating the state budget discussed several proposals to fund a Campus Restoration Act aimed at deferred maintenance projects at state universities, with negotiators proposing different mixes of APEX fund transfers, state general fund (SGF) dollars and other account transfers rather than a single, final appropriation.
Members said the funding choices matter because universities have already raised matching dollars for deferred-maintenance projects and expect the state portion to follow. “They’ve already went out and worked hard to get their matches,” one committee member said during the session.
Why it matters: universities…
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