Attachment I
PRIORITY: INCREASING QUALITY
Request for State General Obligation Bond
Proposal:
A General Obligation Bond to improve the condition of older, outdated UMS facilities to improve their usefulness for teaching and learning, research, and outreach and support services.
Public Benefits:
Increased safety, efficiency, and functionality of facilities; reduction of stress placed on tuition revenue and other E&G funds.
Background:
Budget cuts and the deferred maintenance that has resulted from them have created a situation where UMS buildings – some of them dating back to the early 20th century – have deteriorated to the point where their functionality is greatly limited. For some buildings, their usefulness is nearing an end simply because proper conditions cannot be maintained without major renovation. UMS identifies the renewal priority needs in its Five Year Capital Plan in excess of $90 million Systemwide. This proposal is targeting facilities in greatest need of renovation.
Capital Request:
FY04
$30 million General Obligation Bond