2004 Yellow Book
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MISCELLANEOUS: EDUCATION, LABOR & FAMILY ASSISTANCE (Summary) View Details

		Adjusted Appropriation 2003-04	Executive Request 2004-05	Change	Percent Change

AGENCY SUMMARY
	General Fund	332,000	332,000	0	0.0%
	Special Revenue-Other	717,400	723,000	5,600	0.8%
	Special Revenue-Federal	30,000,000	30,000,000	0	0.0%
	Capital Projects Fund - Bondable	0	350,000,000	350,000,000	--
Total for AGENCY SUMMARY:		31,049,400	381,055,000	350,005,600	1,127.3%

Budget Highlights

Capital Projects

The Executive proposes an appropriation of $350,000,000 in State Fiscal Year (SFY) 2004-05 for the creation of a new Higher Education Facilities Capital Matching Grants Program. This matching grants program would allow eligible projects to compete for a capital grant that would serve as a 3:1 match between private and state funds. Within the amounts provided, no more than $250,000,000 would be available for any one of the following sectors of higher education: independent colleges and universities; the State University of New York, and; the City University of New York. Eligible projects would include academic facilities, high technology/economic development projects, wet labs, and urban renewal/historic preservation projects. Funds would be allocated based on a decision made by the newly created Higher Education Capital Investment Review Board, made up of seven appointments by the Governor.

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