MA S2993

$3.71 billion total capital investment program for Massachusetts public higher education institutions, funded through bonds payable by June 30, 2070

$1.25 billion each allocated to state universities/community colleges and the University of Massachusetts system for deferred maintenance, modernization, decarbonization, and major capital projects

$436.4 million designated for specific campus projects including $275 million for Huntington Tower at Massachusetts College of Art and Design, plus earmarks for 20+ institutions ranging from $2.2 million to $30 million each

Creates Commonwealth Public Higher Education Capital Projects Fund receiving $125 million annually from the state's income surtax revenue, with authority to issue special obligation bonds

Establishes new procedures allowing disposal of surplus higher education property for housing development, expands Massachusetts State College Building Authority's project scope, and requires annual capital expenditure reporting by December 31