MA S2962

Authorizes $3.276 billion in capital investments for Massachusetts public higher education institutions, including $1.25 billion each for state university/community college facilities and University of Massachusetts facilities, plus $275 million for the Huntington Tower building at Massachusetts College of Art and Design

Dedicates $125 million annually from the state's income surtax revenue to a new Commonwealth Public Higher Education Capital Projects Fund for debt service and pay-go capital funding of deferred maintenance and authorized projects

Allocates $100 million for housing and mixed-use redevelopment of campus facilities, $80 million for decarbonization and energy efficiency projects, $120 million for laboratory modernization and student support facilities, and $100 million for career technical education equipment grants

Establishes new procedures allowing public higher education institutions to dispose of surplus real property through the Division of Capital Asset Management and Maintenance, with proceeds deposited into the higher education capital fund

Requires annual comprehensive reporting on capital expenditures by institution type and project category, and expands the Massachusetts State College Building Authority's role to include control of delegated building projects under $10 million