The proposed bill aims to significantly enhance public higher education infrastructure in the Commonwealth by allocating a total of $1,250,000,000 for various capital improvement projects, including deferred maintenance, modernization, decarbonization, and major capital projects at state universities and community colleges. It also designates additional funds for adaptive reuse of campus facilities for housing, decarbonization plans, and student support facilities. The bill establishes a grant program for repairs and climate resilience upgrades, as well as funding for technology initiatives to support remote learning. Furthermore, it introduces amendments to existing laws regarding the management and disposal of surplus properties owned by public higher education institutions, allowing the commissioner of higher education to dispose of surplus properties with the approval of the institution's president.

Additionally, the bill outlines a financial plan for addressing deferred maintenance projects, requiring a report detailing projects exceeding $50 million within 90 days of the act's effective date. The state treasurer is authorized to issue bonds up to $3.105 billion and $170 million for specific expenditures, with provisions ensuring these bonds are treated as special obligations of the Commonwealth. The legislation also revises the governance structure of the Authority overseeing these projects, allowing for the removal of members by the governor for cause and mandating that housing facilities at community colleges require authorization from the board of higher education. Overall, the bill is positioned as an emergency measure to address immediate infrastructure needs and support the educational missions of public higher education institutions.

Statutes affected:
Bill Text: 7C-5