“Most of that is intended for buildings that the state plans to keep,” Estus said. “Some of it could be used to address issues in buildings that the state could then sell for a profit, but we're not interested in spending more than we're going to get from a sale on buildings.”
Proceeds from the OETA building sale and other sales will be used to pay for maintenance costs of other state buildings, and could include repairs to the state Capitol.
Legislation passed this year, HB 1910, reorganized the makeup of the Long Range Capital Planning Commission, whose members will decide how the money in the fund will be spent. Eventually, an eight-year plan — similar to the long-range plans used by the state Transportation Department for road and bridge projects — would be developed to manage the state's buildings and properties.
Previously, 163 state agencies handled their own building needs.
The nine-member commission will consist of three appointees each from the governor, the House speaker and Senate president pro tem. No appointments have been made yet.