(1)In accordance with this section, a degree-granting institution is required to receive legislative approval in an appropriations act for a dedicated project or a nondedicated project.
(2)A degree-granting institution shall submit to the board a proposal for a funding request for each dedicated project or nondedicated project for which the institution seeks legislative approval.
(3)The board shall:
(3)(a) review each proposal submitted under Subsection (2) to ensure the proposal:
(3)(a)(i) is cost effective and an efficient use of resources;
(3)(a)(ii) is consistent with the degree-granting institution's mission and master plan; and
(3)(a)(iii) fulfills a critical institutional facility need;
(3)(b) based on the results of the board's review under Subsection (3)(a), create:
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(1) In accordance with this section, a degree-granting institution is required to receive legislative approval in an appropriations act for a dedicated project or a nondedicated project.
(2) A degree-granting institution shall submit to the board a proposal for a funding request for each dedicated project or nondedicated project for which the institution seeks legislative approval.
(3) The board shall:
(3)(a) review each proposal submitted under Subsection (2) to ensure the proposal:
(3)(a)(i) is cost effective and an efficient use of resources;
(3)(a)(ii) is consistent with the degree-granting institution's mission and master plan; and
(3)(a)(iii) fulfills a critical institutional facility need;
(3)(b) based on the results of the board's review under Subsection (3)(a), create:
(3)(b)(i) a list of approved dedicated projects; and
(3)(b)(ii) a list of approved nondedicated projects, prioritized in accordance with Subsection (5); and
(3)(c) submit the lists described in Subsection (3)(b) to:
(3)(c)(i) the governor;
(3)(c)(ii) the Transportation and Infrastructure Appropriations Subcommittee;
(3)(c)(iii) the Higher Education Appropriations Subcommittee; and
(3)(c)(iv) the Division of Facilities Construction and Management for a:
(3)(c)(iv)(A) recommendation, for the list described in Subsection (3)(b)(i); or
(3)(c)(iv)(B) recommendation and prioritization, for the list described in Subsection (3)(b)(ii).
(4) A dedicated project:
(4)(a) is subject to the recommendation of the Division of Facilities Construction and Management as described in Section 63A-5b-403; and
(4)(b) is not subject to the prioritization of the Division of Facilities Construction and Management as described in Section 63A-5b-403.
(5) (5)(a) Subject to Subsection (6), the board shall prioritize institution requests for funding for nondedicated projects based on:
(5)(a)(i) capital facility need;
(5)(a)(ii) utilization of facilities;
(5)(a)(iii) maintenance and condition of facilities; and
(5)(a)(iv) any other factor determined by the board.
(5)(b) The board shall establish how the board will prioritize institution requests for funding for nondedicated projects, including:
(5)(b)(i) how the board will measure each factor described in Subsection (5)(a); and
(5)(b)(ii) procedures for prioritizing requests.
(6) (6)(a) Subject to Subsection (6)(b), and in accordance with Subsection (5), the board may annually prioritize:
(6)(a)(i) up to three nondedicated projects if the ongoing appropriation to the fund is less than $50,000,000;
(6)(a)(ii) up to two nondedicated projects if the ongoing appropriation to the fund is at least $50,000,000 but less than $100,000,000; or
(6)(a)(iii) one nondedicated project if the ongoing appropriation to the fund is at least $100,000,000.
(6)(b) For each calendar year, the dollar amounts described in Subsection (6)(a) shall be adjusted by an amount equal to the percentage difference between:
(6)(b)(i) the Consumer Price Index for the 2019 calendar year; and
(6)(b)(ii) the Consumer Price Index for the previous calendar year.
(7) (7)(a) A degree-granting institution may request operations and maintenance funds for a capital development project approved under this section.
(7)(b) A degree-granting institution shall make the request described in Subsection (7)(a) at the same time the degree-granting institution submits the proposal described in Subsection (2).
(7)(c) The Legislature shall consider a degree-granting institution's request described in Subsection (7)(a).
(8) After a degree-granting institution completes a capital development project described in this section, the board shall review the capital development project, including the costs and design of the capital development project.