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UConn seeks five-year extension of UConn 2000, requests roughly $650 million in new bonding authorization
Summary
University of Connecticut officials told the Finance, Revenue & Bonding subcommittee they are seeking a roughly $650.5 million five-year extension of the UConn 2000 capital program to finance science, housing and deferred maintenance work; the governorhas proposed $90.5 million in his budget for the program.
University of Connecticut leaders asked the Bonding Subcommittee on March 26 to extend the long-running UConn 2000 capital program and add approximately $650.5 million in bonding authorization to a five-year plan they say is needed to finish science buildings, address deferred maintenance and expand student housing.
President Brudanka Merrick framed the request as urgent to meet donor and industry timetables, saying a major donor insisted a new nursing building be completed within three years. CFO Jeff Gagan told the panel the program has about $67 million remaining under current authorization and that, in statute as written, UConn 2000 currently ends in fiscal year 2027. Gagan said the universityand UConn…
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