CDB-UNIV CAP CONSTRUCT OPTION

Amends the Capital Development Board Act. Provides that for any capital construction project approved for a public university, the university shall have the option of employing the services of the Capital Development Board or utilizing its own available internal services, including without limitation architectural, contractual, procurement, engineering, project oversight, and other related services. Provides that, prior to utilizing its own internal services, the university shall demonstrate its ability to manage the project, pursuant to State laws and rules, through an application and approval process developed by the Board, in cooperation with university personnel, and adopted by Board rule. Effective immediately.