Official Text and Analysis.

• Appropriates $5.7 billion in new capital projects in the 2021-23 fiscal biennium, of which $3.6 billion is financed through new state general obligation bond issuances. • Reappropriates $4.5 billion in capital projects authorized in prior biennia, of which $2.9 billion is from prior bond authorizations. • Authorizes state agencies and higher education institutions to enter into alternative financing contracts totaling $236 million. • Reduces total funding in the 2019-21 fiscal biennium by $44.4 million, of which $8.2 million is state general obligation bond authority.

House version of 2021-23 Capital Budget.