Conditions for redirecting capital outlay funds

Subject to appropriation, an institution of higher education may request to redirect the institution's capital outlay funds for purposes other than those set out in chapter 1130, § 1 of the Public Acts of 2022. An institution shall submit a request to redirect capital outlay funds to the commissioner. The request to redirect capital outlay funds must include a summary demonstrating that the proposed expenditure is essential to fulfilling the institution's mission and that alternative funding sources are not available.