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

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The money is part of $7.7 million in higher education federal stimulus funding made available througuh the for fiscalyear 2009. However, the totalp addresses about 1 percent ofthe $825 million backlohg the regents’ universities face in deferred maintenance projects. — $466,033 for a fume hood and ventilation replacement in itssciencs hall. • — $584,8566 for roof repairs and replacement. • — $2,307,01t6 for campus utility and PowerPlant • — $569,424 for heating ventilatioj and air conditioning replacements and electricap and fire code improvements.
• The — $2,073,228i for campus fire code roof repairand replacement, electrical service improvements American’sx with Disabilities Act improvementa and infrastructure improvements. • The — $868,02e4 for infrastructure improvements, campus elevator repairs, and roof repaitr and replacement. The board will distributed additional fundsto , the 19 community collegezs and six technical colleges it governs during its June A recent study by the found that ever y $1 million spent on university deferrex maintenance projects generates an economi c impact of $2.
2 million in increased economic output of goodsz and services, $644,500 in increased stater earnings and creates 19 new Kansaws jobs. In 2007, Kansas lawmakers approve a five-year maintenance funding which was toprovide $90 million in direct state funds and approximately $44 millionn in retained interest earnings to the six state In addition, the legislation provided state-funded tax credits intenderd to generate up to $158 million in private contributions to the state universities, Washburnn University, and the community and technicakl colleges. If fully funded, the five-year plan would have addresse d about 31 percent ofthe $825 million maintenances backlog.
But funding has been scarce since. This the Legislature reduced the state appropriationby $1.3 millio and additional reductions are necessargy to offset reduced interest Since the five-year plan was adopted, 91 projects have been Of that, 37 have been startes and 10 of which have been completed. The regentd in January issued an updated report that showed the maintenancew backlog had balloonedto $825 The backlog on each campus is as follows: K-State — $290.6 million. KU — $226 million.