MI HB5541

Appropriates $1,800 in state general fund money for capital outlay projects at Michigan universities and community colleges for fiscal year 2012.

Authorizes state building authority financing for 19 construction projects at universities and community colleges, including bio-science buildings, research facilities, and building renovations with total costs ranging from $1.5 million to $90.4 million.

Establishes procedures requiring institutions to sign agreements with the Department of Technology, Management, and Budget before proceeding with construction, including adherence to authorized costs and approved design scope.

Requires community colleges to fund at least 50% of capital outlay projects from local sources and specifies that state share includes 50% of any federal matching funds awarded.

Mandates quarterly reporting to the Joint Capital Outlay Subcommittee on project status, including account balances, expenditure dates, and anticipated occupancy dates.