The committee was called to order. A quorum was present. Mr. David Kang, Vice Chancellor for Infrastructure and Safety; Mr. Chris Ewing, Assistant Vice Chancellor of Planning, Design, and Construction; and Ms. Cheri Gerou, Director of Capital Assets, University of Colorado, presented the two-year projection of cash need for the Boulder campus. Committee members received copies of the two-year list, prepared by Legislative Council Staff (Attachment A), and a descrition of the requests, prepared by the university (Attachment B). Mr. Kang updated the committee on certain campus initiatives and associated capital needs. Mr. Kang provided an overview of the projects on the two-year list. Mr. Kang responded to questions regarding the source of cash funds for the Business and Engineering School Expansion project, and the projected efficiency of the building. Mr. Kang responded to further questions regarding the university's contracting process. Ms. Gerou provided input on this issue.