Capital Outlay is the portion of the State budget that is devoted to the planning
and financing of construction, renovation, remodeling, repair, and maintenance of
facilities and capital assets for use by State agencies, State-supported public universities
and community colleges. Institutions are required by law to annually submit five-year
capital outlay plans to the Department of Technology, Management, and Budget (DTMB)
and the Joint Capital Outlay Subcommittee (JCOS).
The purpose of the plan is to set the direction for development and growth at Michigan Tech in alignment with its strategic plan and Campus Master plan. The plan entails many aspects of the University including instructional programming, facility assessment and future initiatives.