No. HB 5403
Filed under Criminal Justice.
Correctional Facilities Financing and Capital Improvements; Provides appropriation to DOC; requires appropriated funds to be used in certain manner; requires department to begin planning & design phase for construction of certain facilities; requires department to make certain recommendations to Legislature; requires department to contract with construction management entity in certain circumstances; authorizes Division of Bond Finance of SBA to issue bonds for certain purposes; creates financing oversight committee; provides membership & duties of committee. APPROPRIATION: Indeterminate
Plain English Summary
AI-GENERATEDThe Department of Corrections receives $250 million annually from 2026 through 2067 for capital improvements. This recurring funding replaces previous debt reduction transfers.
The department must begin planning a new 4,800-bed prison and a 600-bed hospital unit by July 2026. Site selection must prioritize favorable labor markets and commute distances.
Bond proceeds must pay debt service first, then address critical facility needs. Bonds cannot be issued for maintenance or repair of existing facilities.
A new financing oversight committee, including legislative and executive representatives, must recommend cost-beneficial financing methods for new construction projects.
AICreates a recurring $250 million annual appropriation from the General Revenue Fund to the Department of Corrections for capital improvements, replacing the previous transfer to the Debt Reduction Program.
AIRequires the Department of Corrections to begin planning and design for one new 4,800-bed correctional institution and one new 600-bed hospital unit with mental health services, starting July 1, 2026.
AIAuthorizes the Division of Bond Finance to issue bonds to finance the construction of new correctional facilities, but explicitly prohibits issuing bonds for the maintenance or repair of existing facilities.
AICreates a financing oversight committee with representatives from the Senate, House, Governor's Office, Department of Corrections, and Division of Bond Finance to recommend cost-beneficial financing methods.
AIRequires the Department of Corrections to contract with a construction management entity for any capital improvement project costing more than $5 million.