[{"_1":2,"_88":-5,"_89":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6419432,"mediaKeyId","2168883-686716a4d1e534c20ed8572c3a6edf97","parentId",2168883,"title","Capital Development Committee approves Western Colorado University request to use treasurer intercept program for faculty and staff housing","audioSeconds",542,"startMs",44000,"endMs",586000,"viewUrl","/Search/View?dp=1&key=2168883-686716a4d1e534c20ed8572c3a6edf97&start=44&end=586","thumbnailUrl","https://assets.pipeline.soar.com/2168883-686716a4d1e534c20ed8572c3a6edf97/thumbnail_44000.jpg","articleUrl","/articles/6419432/Wyoming/Capital-Development-Committee-approves-Western-Colorado-University-request-to-use-treasurer-intercept-program-for-faculty-and-staff-housing","mediaUrl","https://secure.pipeline.soar.com/6419432-7735b2adb6b47c0a0a3139857a68ea93/orig.mp4?Expires=1770928890&Signature=lIIyHv-fpKQ8EL-TbBBQ1hpSIBjR6Unoekx8U6PA75V1rvMoLdnk93ep-~9kE6gfXWr71Hv74Tj1QlXl066WteyvNKzbwgyn2FUk-reMqbp-irUjOB6B~~oklIviKtHpXzS-IXzbcdo2NrTk2ZXz-hRht6iLB~IV6YeZkYhwJt~3j1fAEiwOiSrtWtHRK5JcDi4x8dQY1-y1jM1b1HW-qe2ayB~Ka3RYjwEpfotTCyX5ml527CJJHOCr4tNfwFLX4rgsyeU5PH7ytzXUFVQJgfo4xR~leWetR0RxBmrZxQ4FDINGOneEO~d-BxqrhNYofh3E7UeaAWNkjkxJQBNrDQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Capital Development Committee","date","2025-01-30T00:00:00Z","article","Capital Development Committee Chair convened the committee and the panel voted unanimously to allow Western Colorado University to participate in the state treasurer’s higher-education revenue bond intercept program to finance a faculty and staff housing project.

Ian Higgins, vice president for finance and administration and chief financial officer for Western Colorado University, told the committee the Gunnison Valley lacks sufficient housing for incoming faculty and staff and that the university wants to add to the local housing supply rather than buy existing homes. \"We're anticipating a maximum construction cost to be $12,000,000; this will build roughly 35 units in a variety of bedroom and bathroom layouts,\" Higgins said. He also said the university meets the treasurer's program requirements and that the treasurer had preapproved nearly $185,000,000 for Western under the program.

The request sought authority to participate in the intercept program and to issue bonds. Higgins said the university planned a 30-year term and estimated an interest rate of about 4.9 percent. The motion presented to the committee set a maximum issuance in the motion text; the numeric amount in the audio record and transcript was garbled and is not specified here. Committee members voted 6-0 in favor.

Senator Heinrichsen described the housing shortage as a statewide problem and expressed frustration that institutions and school districts must directly provide housing to recruit and retain staff. \"I really think that we, as a state, need to do a better job of cutting red tape and allowing for the facilitation of development of more affordable housing,\" Heinrichsen said. Higgins thanked the senator and said Western and other institutions are trying creative solutions to the shortage.

Representative Lindsey moved the motion to approve use of the intercept program; roll-call voting recorded unanimous support from the six members present. The committee chair said they looked forward to future progress reports from Western.

Details recorded in the committee presentation and vote:
- Project purpose: provide landing housing for incoming faculty and staff to increase local housing supply and support recruitment.
- Construction estimate: $12,000,000 (Higgins' estimate in committee remarks).
- Units: roughly 35 units of mixed bedroom/bathroom layouts (Higgins).
- Financing: participation in the treasurer’s higher-education revenue bond intercept program; treasurer preapproval noted as nearly $185,000,000 for Western (Higgins).
- Term and rate: proposed 30-year term; estimated interest rate ~4.9% (Higgins).
- Motion and vote: committee approved the request to use the intercept program by a unanimous roll-call vote of 6 to 0.

The committee record does not provide a clear, unambiguous numeric value for the motion's stated maximum issuance because the number is garbled in the transcript and audio. The committee vote and the project scope described above were recorded in committee minutes.

The committee did not adopt additional conditions in the public discussion recorded on the transcript; members asked no formal amendments to the motion during the recorded proceedings.

Members and staff indicated they expect to monitor progress and return for updates as the project proceeds.","mediaType","Video","parentTitle","Capital Development Committee [Jan 30, 2025]","oneSentenceSummary","Capital Development Committee Chair convened the committee and the panel voted unanimously to allow Western Colorado University to participate in the state treasurer’s higher-education revenue bond intercept program to finance a faculty and staff housing project.","taxTitle","Campbell County School District #1, School Districts, Wyoming","taxId",69291,"location","Wyoming","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6419401,"Capital Development Committee asks staff to draft omnibus bill to tidy capital statutes and deadlines",1627,455000,2082000,"/Search/View?dp=1&key=2168883-686716a4d1e534c20ed8572c3a6edf97&start=455&end=2082","https://assets.pipeline.soar.com/2168883-686716a4d1e534c20ed8572c3a6edf97/thumbnail_455000.jpg","/articles/6419401/Wyoming/Capital-Development-Committee-asks-staff-to-draft-omnibus-bill-to-tidy-capital-statutes-and-deadlines","https://secure.pipeline.soar.com/6419401-c0be6d987998821111e3a10a6559bb35/orig.mp4?Expires=1770928890&Signature=aTnjgiF2x8TL1yfPKwNgq5BE2I8nnrzjCbb6kinSpY0tolFP3NDJyVZgFODLfhUKKdEpoz1hM6IE9t9d1Qw-x~dfZj2-MtCUgfRiIX3lAjbpEzAHS2b9b51uv8N5DUelSLQyusuYWgtA8xT9hr6Zxs9VujXPBEBGvk0sDX86WMlraHyYB7Wr1Y-0X8Y4~NOYn5j1eCn7n46Um0hnP~VcDrOOxkciWmipNXMcy1gm2Gr1e~JvnBteDkxozxBxV~C8-gJZm1TB1lWr5hsHkCosvsG1YituiExzG81zxuGO-i8-DAHkP~KCItbxfjCxPK0Ky8CHBWImAcIy98nAVTCkKg__&Key-Pair-Id=KUT5TJCACFTXG","The Capital Development Committee voted 6-0 to have legislative staff draft a bill that bundles several technical and procedural changes to statutes governing capital projects and committee operations.

Matt Bishop of Legislative Council staff introduced a memorandum of proposed statutory tweaks that staff compiled over recent years and said the committee could decide to take up any or all items as committee legislation. Bishop described proposals that ranged from establishing a fixed encumbrance deadline to simplifying the CDC chair election schedule.

Key proposals summarized by staff during the meeting included:

- Fixing the encumbrance deadline: statute currently requires agencies and institutions to encumber funds within six months of the long bill signing; staff proposed defining a single calendar date (for example, Nov. 1) to reduce annual confusion over variable signing dates.

- Converting deadline waivers to extensions: instead of granting waivers that remove CDC oversight, staff proposed allowing CDC to grant time-limited extensions so the committee can review projects that continue to experience procurement or contracting issues.

- Moving the treasurer's report due date: staff proposed changing the annual due date for the treasurer's report on the higher-education revenue bond intercept program from Sept. 1 to March 1 to align with institutional audit schedules and provide fresher data.

- Aligning the two-year cash-need projection process with current practice: staff proposed statutory changes to match existing practice and to clarify interim timelines (examples include 30 days in session and 45 days out of session for approvals).

- Updating OSPV priority and other deadline clarifications: a technical change to move a Jan. 1 due date to Jan. 2 to avoid holiday conflicts, and clarifying spending authority for projects receiving supplemental appropriations (treating the appropriation as available for the remainder of that fiscal year plus two additional fiscal years).

- Simplifying chair election timing and member appointment timing: staff proposed making chair and vice-chair elections occur consistently at the first December meeting each year and discussed a statutory change to require (\"shall\") rather than allow (\"may\") committee appointees to be designated before hearings, or to permit provisional appointments in light of post-election certification timelines.

- Department of Transportation submission requirement: statute currently requires the Transportation Commission to submit at least one capital request to CDC every year; staff proposed changing \"shall\" to \"may\" to give the department flexibility when projects are not needed or have been funded from other sources.

- Art-in-public-places waivers: staff proposed clarifying CDC's discretion to waive art-in-public-places requirements in consultation with the program when projects do not fit existing exemption categories.

Legislative council and committee staff (Matt Bishop, Beau Pogue, Nina Forbes and others) reviewed the proposals and answered members' procedural questions. Committee members discussed whether to put all proposals into a single omnibus bill or split them into multiple measures; staff said either was feasible and that members could later prioritize drafts before introduction.

Senator Malika moved that the CDC have legislation drafted on the topics presented in the memorandum. The motion passed on a unanimous roll-call vote of 6 to 0.

The committee did not at this meeting adopt substantive policy changes beyond directing staff to draft statutory language; the vote authorized drafting only. Members asked staff to consider timing for drafting and inclusion of member priorities when preparing the bill language.

Proposed items will return to the committee for review of bill drafts and a subsequent decision on whether to introduce the measures as committee legislation.","The Capital Development Committee voted unanimously to request omnibus legislation from staff to make multiple technical fixes and process clarifications to capital statutes, including setting a fixed encumbrance date, converting some waivers to extensions, changing report due dates, and granting agencies more flexibility.","actionData","errors"]

Article not found

Capital Development Committee approves Western Colorado University request to use treasurer intercept program for faculty and staff housing

Capital Development Committee asks staff to draft omnibus bill to tidy capital statutes and deadlines