CT SB01246

Authorizes $2.18 billion in new state bonds for CSCU 2020 Phase IV-VI (fiscal years 2024-2030) to fund capital projects at Connecticut State Colleges and Universities, including new buildings, renovations, and infrastructure improvements across all four state universities and community colleges

Increases the threshold for constituent units of higher education to self-manage construction projects from $2 million to $10 million, and raises the consultant services cost threshold for state projects from $500,000 to $2 million with annual inflation adjustments

Grants the Board of Regents for Higher Education authority to lease property, grant security interests, and sell surplus property with approval from the Secretary of the Office of Policy and Management

Allows the CSCU president to approve project revisions without Board of Regents vote, and permits up to $200 million in aggregate project additions without legislative approval

Reduces previously authorized bond amounts across multiple public acts by approximately $100 million total by repealing or reducing specific community college and university project allocations