This morning the House Capital Committee met and took executive action to advance a proposed biennial capital budget to the House floor.

The committee passed a substitute bill which makes new appropriations for 2015-17 totaling ($3.77 billion). The majority of the increase is financed from state general bonds ($2.17 billion) and the remaining from other funds ($1.6 billion).  The increase authorizes  state agencies to enter into alternative financing contracts ($313 million). The substitute also authorizes reappropriations for uncompleted projects approved in the prior biennia ($2.9 billion).

No changes were made to Evergreen’s appropriation in the capital budget.

The House’s proposed capital budget now moves to the floor for further consideration.