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Regents seek funds to meet $1.3 billion in UH repairs

Among options is dipping into funds raised by tuition increases

By Nanea Kalani

POSTED: 01:30 a.m. HST, Aug 19, 2014

~~<p>Even with a freeze on new construction projects still in effect, the University of Hawaii system estimates it will need $1.3 billion over the next six years for capital improvement projects, with most of the funding pegged for deferred maintenance and renovation work.</p>
<p>The UH administration is considering a half-dozen ways to fund the effort using a combination of tuition revenue and state-backed bonds, according to a draft six-year financial plan presented Monday to the Board of Regents committees on Budget and Finance and Planning and Facilities.</p>
~~

Even with a freeze on new construction projects still in effect, the University of Hawaii system estimates it will need $1.3 billion over the next six years for capital improvement projects, with most of the funding pegged for deferred maintenance and renovation work.

The UH administration is considering a half-dozen ways to fund the effort using a combination of tuition revenue and state-backed bonds, according to a draft six-year financial plan presented Monday to the Board of Regents committees on Budget and Finance and Planning and Facilities. Login for more...



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