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DIGEST OF INTRODUCED BILL
University capital projects. Expands the dollar value of higher education capital projects that: (1) can be performed using higher education employees; and (2) do not require advertising for bids. Increases from four to twenty years the maximum term of certain leases entered into by higher education institutions. Reduces from three to one the number of appraisers required when a higher education institution sells real property. Removes the requirement that the governor approve the sale of real property. Increases various dollar amount triggers that determine whether certain higher education capital, repair, or lease projects must be approved by the commission for higher education, the governor, the budget agency, or the general assembly. Increases from $10 million to $20 million the amount of bonds that an institution of higher education may issue without the approval of the general assembly to finance a qualified energy savings project. Provides that the higher limit would apply at each academic campus.