Capital Outlay Cost Sharing

Governor Phil Bredesen’s 2004 budget proposal included $94 million for capital outlay projects in Tennessee postsecondary education institutions, but he also proposed that the institution provide one-third of the funding for any project. He had previously challenged UT’s College of Business to raise one-half of the funds necessary for the renovation and expansion of the Glocker Building, and the state would then match it.