Raised Bill No. 1246 is a legislative proposal that seeks to authorize the continuation of the CSCU 2020 program, which is designed to fund infrastructure projects within the Connecticut State Colleges & Universities system. The bill outlines the addition of new projects and estimated costs for Phases IV, V, and VI, spanning fiscal years ending June 30, 2024-2030, and includes specific allocations for improvements and upgrades at various community colleges and state universities. It also amends the procedures for project revisions, deletions, or additions within the CSCU 2020 plan, changing the threshold for formal approval by the board of regents for cost deviations and allowing the president of the CSCU to direct revisions without formal board approval. The bill introduces new bond issuance caps totaling an additional $2,180,000,000 and requires biannual reporting to the General Assembly on the disbursement of bond proceeds.

The bill also proposes changes to the management of state property and projects, such as granting the Board of Regents for Higher Education the power to lease or sublease property and increasing the expenditure threshold for remodeling or altering state property from two million to ten million dollars. It adjusts the threshold cost for consultant services and allows the Board of Regents to sell or transfer surplus property with appropriate approvals. Furthermore, the bill includes insertions and deletions that adjust the maximum principal amounts for state bonds and specifies the order of priority for the use of proceeds from the sale of surplus property. It repeals certain subdivisions of sections within public acts, indicating the removal of previously authorized expenditures or projects, and adjusts funding levels for specific community college projects. All changes are set to take effect on July 1, 2023.

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Raised Bill: