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Oregon State University has been investing in improving our 150-year-old Corvallis campus. Leadership is committed to decreasing the backlog of maintenance, improvements and renovations known as deferred maintenance.
Nine years of increasing E&G funding, and state bond funding has been earmarked to tackle deferred maintenance and extend the life of our physical assets. Our campus is undertaking a facilities renewal initiative.
Oregon State received $26 million in state bond funding for the 2015-17 biennium and will receive an estimated $18 million for the 2017-19 biennium. Traditionally, state bond funding has been used to improve the university's infrastructure.
Starting in FY18, the university will increase the E&G funds dedicated to facilities renewal by $5 million for the next nine years, totaling $45 million. Much of the E&G funded projects will be replacing failing or inefficient building systems, such as roofs, HVAC, building controls or other mechanical systems.