Post by Logan on Feb 25, 2016 7:52:07 GMT -6
Lawmakers to push for borrowing plan to cover costs of aging buildings
COLUMBIA — Members of the S.C. House of Representatives will once again push for a borrowing plan to pay for repairing crumbling buildings at the state’s colleges and universities.
Rep. Jim Merrill, chairman of the House’s budget-writing Higher Education and Technical Colleges Subcommittee, said the panel will present a bonds bill during the week of March 21, which is when the House discusses the state’s $7.5 billion budget on the floor.
Merrill, R-Charleston, said the panel is still working on the proposal, but estimates the bonds bill would be about $200 million. The state’s universities and colleges would have to meet certain benchmarks for their maintenance requests to be included in the bill, he said, such as freezing tuition increases or meeting certain graduation rates.
“I’m not interested in creating new buildings but I think we have to maintain the property we own,” Merrill said.
Read more: www.postandcourier.com/article/20160224/PC1603/160229637/1031/lawmakers-to-push-for-borrowing-plan-to-cover-costs-of-aging-buildings
COLUMBIA — Members of the S.C. House of Representatives will once again push for a borrowing plan to pay for repairing crumbling buildings at the state’s colleges and universities.
Rep. Jim Merrill, chairman of the House’s budget-writing Higher Education and Technical Colleges Subcommittee, said the panel will present a bonds bill during the week of March 21, which is when the House discusses the state’s $7.5 billion budget on the floor.
Merrill, R-Charleston, said the panel is still working on the proposal, but estimates the bonds bill would be about $200 million. The state’s universities and colleges would have to meet certain benchmarks for their maintenance requests to be included in the bill, he said, such as freezing tuition increases or meeting certain graduation rates.
“I’m not interested in creating new buildings but I think we have to maintain the property we own,” Merrill said.
Read more: www.postandcourier.com/article/20160224/PC1603/160229637/1031/lawmakers-to-push-for-borrowing-plan-to-cover-costs-of-aging-buildings