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Legislature must counteract UH's decaying physical plant

By David Hafner

POSTED: 01:30 a.m. HST, Apr 15, 2013

~~<p>House Bill 115 is a long overdue and much-needed initiative by the Legislature to require the University of Hawaii to comprehensively address its decaying physical plant.</p>
<p>The bill's current version proposes to establish a special purpose fund that sets aside 5 percent of UH's $1.5 billion gross institutional revenues to fund reduction of the university's maintenance backlog; this would create an ongoing revenue stream of about $75 million yearly. It further proposes to sweep 10 percent of unspent balances from other special funds in fiscal years 2015 and 2016.</p>
~~

House Bill 115 is a long overdue and much-needed initiative by the Legislature to require the University of Hawaii to comprehensively address its decaying physical plant.

The bill's current version proposes to establish a special purpose fund that sets aside 5 percent of UH's $1.5 billion gross institutional revenues to fund reduction of the university's maintenance backlog; this would create an ongoing revenue stream of about $75 million yearly. It further proposes to sweep 10 percent of unspent balances from other special funds in fiscal years 2015 and 2016. Login for more...



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