Richard Rhoda, executive director of the Tennessee Higher Education Commission.The Tennessee Higher Education Commission passed the 2012-13 capital projects recommendations Tuesday, a list that requires close to $290 million in state funds.
The commission also approved 60 already funded capital projects in the Tennessee Board of Regents and the University of Tennessee systems at a cost of $254 million.
The list now will be sent to Gov. Bill Haslam’s office.
For the first time, institutions are required to share the financing of new capital outlay projects. The percentage varies according to institution, said Russ Deaton, chief fiscal officer of THEC.
Under the recommendations, the University of Tennessee at Chattanooga would be required to come up with 25 percent of a $59.5 million life sciences laboratory, while the state provides $44.625 million, according to THEC documents.