Section 24-82-1301 - Legislative declaration(1) The general assembly hereby finds and declares that:(a) Due to insufficient funding, necessary high-priority state highway projects and state capital construction projects, including projects at state institutions of higher education, in all areas of the state have been delayed, and the state has also delayed critical controlled maintenance and upkeep of state capital assets;(b) By issuing financed purchase of an asset or certificate of participation agreements using state buildings as collateral as authorized by this part 13, the state can generate sufficient funds to accelerate the completion of many of the necessary high-priority state highway projects and capital construction projects that have been delayed and better maintain and preserve existing state capital assets;(c) It is the intent of the general assembly that a majority of the additional funding for state capital construction projects realized from issuing financed purchase of an asset or certificate of participation agreements be used for controlled maintenance and upkeep of state capital assets.Amended by 2021 Ch. 325, § 61, eff. 7/1/2021.Added by 2017 Ch. 267, § 12, eff. 5/30/2017.L. 2017: Entire part added, (SB 17-267), ch. 1442, p. 1442, § 12, effective May 30. .