Summary of SB 887

• Authorizes up to $336.7 million in state bonds effective July 1, 2021 for capital improvements including legislative systems, state buildings, emergency services infrastructure, education facilities, corrections, and environmental projects.

• Authorizes up to $100 million in bonds for the Department of Housing for housing development, rehabilitation, and related programs, with $30 million designated for state moderate rental housing revitalization.

• Authorizes up to $392.75 million in bonds effective July 1, 2021 for municipal grants-in-aid and financing, including distressed municipalities, body camera equipment, health disparities programs, and environmental projects.

• Authorizes up to $836.9 million in special tax obligation bonds for Department of Transportation projects including highway repairs, bridge improvements, bus and rail facilities, and local transportation programs.

• Increases authorization limits for various existing bond programs related to school construction, clean water infrastructure, housing, higher education, and early childhood facilities through technical amendments to prior public acts.