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Senate Bill 0226


Senate Bill 0226

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


University bonds for research and technology. Adds software and related capital costs for the operation of a building facility to the costs that may be included in a state educational institution's bond issue for a capital project. Provides that bonds may be issued by a state educational institution for equipment, software, and other capital purposes related to operating a building facility without the approval of the general assembly if, after the issuance, the total amount of bonds outstanding will not exceed $10,000,000. Increases the cap on the amount of bonds that a state educational institution may have outstanding for qualified energy savings projects from $10,000,000 to $20,000,000. Authorizes a state educational institution to issue bonds without the approval of the general assembly for: (1) certain technology expenditures; and (2) projects in which a gift, grant, or reimbursement is available to repay the bond. Makes related changes.
    Current Status:
     In Committee - first House
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