Senator Hembree proposes the following amendment (SEDU-314.DB0006S):

Amend the bill, as and if amended, SECTION 1, by striking Section 2-47-70 and inserting:

(1) "Board" means the boards of trustees of the colleges and universities listed in Section 59-101-10 and the State Board for Technical and Comprehensive Education listed in Section 59-53-10. 

(2) "Capital project" means the construction, improvement, equipment, renovation, or repair of any buildings, structure, facility, or other permanent improvement project; the acquisition of land to construct or establish a building, structure, or facility; or a permanent improvement project as defined in Section 2-47-50. 

(3) "Institution" means a research university identified in Section 11-51-30(5) or a  non-research, four year college or university described in Section 59-103-15(B)(2), (B)(3), and (B)(4).

Amend the bill further, SECTION 1, by striking Sections 2-47-90 and 2-47-100 and inserting:

 Section 2-47-90.Notwithstanding another provision of law, permanent improvement projects, as defined in this chapter, where the cost is not greater than five million dollars for public research universities and not greater than two and one-half million dollars for all other public institutions of higher learning shall be exempt from the requirements of Section 2-47-50, except that a project shall not be considered approved without an institution's board having first voted to approve the project in a public session. Institutions shall provide a report of projects approved by their boards pursuant to this provision to the Chairman of the Commission on Higher Education, the Joint Bond Review Committee, and the State Fiscal Accountability Authority by November 15th of the current fiscal year. 

 Section 2-47-100.The board shall provide on an annual basis a fiscal year report of property acquired and any capital projects which cost less than five million dollars for research universities and less than two and one-half million dollars for all other institutions, commenced under the authority granted in this chapter, to the Governor, the Senate Finance Committee, and the House of Representatives Ways and Means Committee. The report must be submitted annually by September thirtieth.