Capital Development Committee. Current law requires a state
agency or institution of higher education that receives an appropriation for a capital construction project to allocate not less than one percent of the state funded portion of the project for the acquisition of works of art. In the 2022-23 fiscal year, the general assembly appropriated money from the revenue loss restoration cash fund to state agencies and institutions of higher education for capital construction projects. The bill clarifies that the state funded portion of a capital construction project includes money appropriated from the revenue loss restoration cash fund.
In addition, for appropriations for capital construction projects
made for the 2022-23 fiscal year only, the bill makes the allocation for the acquisition of works of art discretionary rather than mandatory and allows a state agency or institution of higher education that opts not to make such an allocation to use the money that would otherwise be used for works of art for any other costs associated with the capital construction project.
