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The assessments will include complete building evaluations, identification of deferred maintenance and critical issues, corrective recommendations, budget estimates for corrective work, and estimated remaining useful life of building components.
There are an abundance of projects being completed on the UA system's 16 campuses, many of which will considerably reduce the university's deferred maintenance backlog from $750 million toward its $360 million goal.
Contending with reduced state support during a time of significant enrollment growth, Bowie State University in Maryland has again seen its deferred maintenance budget take a considerable hit--which includes money for many energy-efficiency projects.
``What this audit shows is the problem that started with Proposition 13 - the problems of 20 to 30 years of deferred maintenance,'' Mukri said.
I think some of what we've seen with Sarbanes-Oxley 404 implementation is, in fact, deferred maintenance on those systems.
3283 would affect (1) federal agencies' deferred maintenance programs, (2) the management and distribution of the revenue collected, and (3) interagency coordination on fee collection and use.
Concerns included the fact that the collateral is a single asset and thus lacks diversity, and a small amount of deferred maintenance at the property.
The borrower plans to address some deferred maintenance issues on the portfolio, complete an extensive renovation to the largest property in the portfolio, and aggressively lease-up the vacant space.