HB1005 Summary

• Reappropriates cash fund balances totaling $135,000 effective July 1, 2016: $55,000 for Industrial Technology Center construction and $80,000 for Allied Health Facility construction, parking, equipment, and furnishings.

• Reappropriates General Improvement Fund balances totaling $9,563,736 effective July 1, 2016 for various Northwest Technical Institute capital projects including facility construction, renovation, maintenance, and equipment purchases.

• Prohibits contracts or obligations exceeding available State Treasury funds, but permits the institution to supplement with grants, donations, Federal funds, and unobligated cash income.

• Requires strict compliance with State Purchasing Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and Department of Finance and Administration regulations.

• Declares an emergency effective July 1, 2016 to ensure uninterrupted operation of the agency and proper administration of essential governmental programs.