MI HB5831

Requires Joint Capital Outlay Subcommittee (JCOS) approval for state leases with annual base costs exceeding $500,000.00, with notification to JCOS and fiscal agencies within 5 business days.

Mandates annual reporting to JCOS and fiscal agencies by November 1 on state-owned and privately-leased space, including building details, square footage, occupancy rates, lease costs, and active capital project status (effective until March 31, 2015).

Requires universities and community colleges to report self-funded construction projects exceeding $1,000,000.00 to JCOS and fiscal agencies by June 30 and December 31, including project description, costs, funding sources, and tuition impact.

Establishes that capital outlay projects must be reviewed and approved through a prioritization process considering life safety, facility utilization, sustainable design, estimated costs, and job creation impact before authorization.

Provides preference up to 10% on construction contracts for qualified disabled veterans and allows award to responsive and responsible best value bidder based on price and qualitative factors including technical design and management plans.