Establishes guidelines for the administration of state capital projects.

The bill sets forth guidelines for the administration of state capital projects, including the submission of capital budget documents by agencies, the development of a long-range facilities plan, and the prioritization of capital projects. It mandates that agencies complete a predesign for any state construction project with a total anticipated cost in excess of $10,000,000. The Office of Financial Management (OFM) must develop a method for monitoring capital projects and create a prioritized list of capital projects for the legislature to consider.

Establishes guidelines for the administration of state capital projects.

The bill sets forth guidelines for the administration of state capital projects, including the submission of capital budget documents by agencies, the development of a long-range facilities plan, and the prioritization of capital projects. It mandates that agencies complete a predesign for any state construction project with a total anticipated cost in excess of $10,000,000. The Office of Financial Management (OFM) must develop a method for monitoring capital projects and create a prioritized list of capital projects for the legislature to consider.