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HF 4773

South Central College boiler system replacement funding provided, bonds issued, and money appropriated.

2025-2026 Regular Session Introduced by Keith Allen and 1 co-sponsor

The bill authorizes bonds and appropriations to replace South Central College’s boiler system, funding design, construction, equipment, and project oversight.

Author added Allen
#appropriations #bonds #education-higher
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Bill Summary · HF 4773

Bill Summary: HF 4773 (2025-2026) – South Central College Boiler System Replacement Funding

Overview

HF 4773 specifies funding and related actions to replace a boiler system at South Central College. The bill authorizes the issuance of bonds, outlines appropriations, and designates the source and use of funds to support boiler replacement. The intended effect is to modernize or replace aging boiler infrastructure at South Central College to ensure reliable, efficient heating and operations.

Main Purpose and Intent

  • To provide state-funded financial support for replacing the boiler system at South Central College.
  • To authorize bond issuance to finance the project.
  • To appropriate the necessary funds for construction, equipment, and related project costs.

Key Provisions and Changes

Bond Authorization

  • The bill authorizes the issuance of state bonds to fund the boiler replacement project at South Central College.
  • It may specify the total bond amount, issuance timeline, and terms (e.g., interest rate assumptions, repayment period). (Exact dollar figures and terms would be detailed in the enacted language; the summary notes the core intent to issue bonds.)

Appropriation and Use of Funds

  • An appropriation is provided to cover the costs associated with replacing the boiler system, including:
    • Design and engineering
    • Construction and installation
    • Equipment purchase
    • Project management and oversight
    • Contingencies and potential project-related costs
  • The funds are allocated specifically to South Central College and tied to the boiler replacement project.

Project Scope and Compliance

  • The bill ties funding to the completion of the boiler replacement at the college, subject to standard state requirements for capital projects.
  • It may include provisions ensuring compliance with building codes, environmental standards, and procurement rules.

Oversight and Administration

  • The bill would likely designate a state agency (often the Department of Management or a capital investment commission) to administer and monitor the project, including reporting requirements and milestones.
  • It may establish project timeline milestones and reporting to the legislature.

Affected Parties

  • Primary Beneficiary: South Central College (for the boiler replacement project).
  • State Finance and Capital Budget Entities: Responsible for bonding, appropriations, and project oversight.
  • Contractors and Vendors: Potential bidders and suppliers for design, construction, and boiler equipment.
  • Students, Faculty, and Staff: Beneficiaries through improved heating reliability, efficiency, and facility operations.

Procedural and Timeline Aspects

  • Introduction and First Reading: March 26, 2026, with referral to the Capital Investment committee.
  • Later Action: The 2026-04-07 entry notes an author addition (Allen), indicating progression in the sponsorship and potential amendments.
  • As a capital investment bill, the typical process would involve committee hearings, fiscal analysis, potential amendments, approval by the House, Senate, and eventual signature by the Governor, followed by bond issuance and project start.

Potential Impacts

  • Positive:
    • Modernized heating infrastructure (reliable warmth for buildings and operations)
    • Potential energy efficiency improvements and long-term cost savings
    • Creation or support of construction-related jobs during the project
  • Negative/Neutral:
    • Increased state debt service obligations over the bond term
    • Fiscal considerations for prioritizing capital funds among competing projects

If you’d like, I can tailor this summary to focus on specific sections (e.g., fiscal impact statement details, anticipated bond terms, or procurement requirements) once the bill’s enacted language is available.

Compiled from official sources — confirm details with the bill’s official record.

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