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• Introduced in the Senate on January 14, 2008, to increase spending for the deferred maintenance of university buildings, removing the $20 million annual cap on bonds for the work and increasing the overall bonds authorized (currently $100 million) by another $16 million to cover projects at four technical schools. A tax credit program for contributions made to university maintenance funds would be expanded to cover such contributions for the technical schools, amounting to an estimated $78,125 in additional tax credits next year.
  • Referred to the Senate Ways and Means Committee on January 15, 2008.
    • Reported in the Senate on February 22, 2008, recommending the bill be passed as amended. Senate committee inserted authority for universities to retain interest earned from various funds they administer and added details to the original proposals that do not change their substance as previously reported.
• Passed in the Senate (36 to 4) on February 28, 2008, to increase spending for the deferred maintenance of university buildings, removing the $20 million annual cap on bonds for the work and increasing the overall bonds currently authorized in order to cover $16 million in projects at four technical schools. [Vote Details and Comments]
• Received in the House on February 28, 2008.
  • Referred to the House Education Budget Committee on February 29, 2008.