New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter V - State University of New York
Subchapter D - Code of Standards and Procedures for the Administration and Operation of Community Colleges under the Program of State University of New York
Part 603 - The College Capital Budget
Section 603.3 - The capital budget, a continuing budget
Current through Register Vol. 46, No. 12, March 20, 2024
Capital budgets, unlike operating budgets, do not terminate annually but are continuing. Once approved by the local sponsor and the University trustees, capital budgets can be amended by action of the sponsor and State University trustees. A separate capital budget is required for each project. The following items are properly included in a capital budget. The list is not intended to be all-inclusive. Other items necessary for the creation of new or additional facilities may be considered for inclusion.
(a) Acquisition of real property.
(b) Site selection studies, surveys, appraisals, relocation of tenants and owners, demolition and other costs of acquiring real property.
(c) Preparation of plans and specifications.
(d) Supervision and inspection of construction.
(e) Construction of new facilities.
(f) Major changes in the function, use or capacity of existing facilities.
(g) Alterations and improvements to existing facilities.
(h) Identification, design and specification of capital equipment.
(i) Acquisition and installation of equipment in new construction.
(j) Acquisition and installation of equipment in projects involving major changes.
