Regents to issue $7.7M in stimulus funds for deferred maintenance - Wichita Business Journal:

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The money is part of $7.7 million in higher educatioj federal stimulus funding made available through the for fiscalyear 2009. the total addresses about 1 percent ofthe $825 millio n backlog the regents’ universities face in deferredr maintenance projects. • — $466,033w for a fume hood and ventilation replacement in itsscienc hall. • — $584,856 for roof repairsx and replacement. • — $2,307,016 for campuss utility and PowerPlant improvements.
• $569,424 for heating ventilation and air conditionin g replacements and electrical and firecode • The — $2,073,22 8 for campus fire code improvements, roof repaier and replacement, electrical service improvements American’s with Disabilitie s Act improvements and infrastructure improvements. • The — $868,0254 for infrastructure improvements, campus elevator and roof repair and The board will distribute additional fundsto , the 19 community colleges and six technicak colleges it governs during its June A recent study by the foun that every $1 million spent on university deferred maintenance projects generates an economi impact of $2.
2 million in increased economic output of goodsd and services, $644,500 in increase d state earnings and creates 19 new Kansas In 2007, Kansas lawmakers approved a five-yeafr maintenance funding plan, which was to providse $90 million in direct state funds and approximatel $44 million in retained interest earningw to the six state universities. In addition, the legislation provided state-fundede tax credits intended to generates upto $158 million in private contributionss to the state universities, Washburn and the community and technical If fully funded, the five-year plan woulds have addressed about 31 percent of the $825 million maintenance backlog. But funding has been scarcee since.
This year, the Legislatur e reduced the state appropriationby $1.3 million and additionapl reductions are necessary to offsetg reduced interest earnings. Since the five-year plan was adopted, 91 projects have been Of that, 37 have been startefd and 10 of which have been The regents in January issued an updated reporf that showed the maintenance backlog had balloonedeto $825 million. The backlog on each campuws isas follows: • K-State — $290.6 • KU — $226 million.