Budget Amendment ID: FY2025-S4-757

EDU 757

Public Higher Education Deferred Maintenance

Messrs. Oliveira, Mark, Eldridge, Pacheco, Brady, O'Connor, Moore and Payano moved that the proposed new text be amended in section 2F, in item 1596-2414, by inserting after 1596-2414 the following item:

“1596-2417 For a reserve for the study, design, construction, reconstruction, retrofit, site preparation, demolition, system repair and replacement, climate resiliency and adaptation, and other capital investment, planning, and improvements of campus facilities, including instructional and student facilities, laboratory facilities, infrastructure modernization, decarbonization, accessibility improvements, critical repair or other capital asset needs, administered by the executive office for administration and finance in consultation with the executive office of education and the division of capital asset management and maintenance; provided, that funds from this item may be transferred to the University of Massachusetts Building Authority and the Massachusetts State College Building Authority under a memorandum of understanding or agreement relating to capital planning or capital projects approved by the secretary of administration and finance; provided further, that funds from this item may be used for innovative strategies that result in debt reduction or savings for public higher education institutions; provided further, that the secretary of administration and finance shall develop a proposal for 10-year higher education bond legislation to invest up to $2,500,000,000 for decarbonization, deferred maintenance, and facilities improvement for the public higher education system of the commonwealth informed by the report of the working group established pursuant to section 106A of this act………….$125,000,000”.