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COLUMBIA, S.C. (AP) — A bill that would save colleges time and taxpayer money by speeding up reviews of construction projects has advanced in the South Carolina House.
A committee on Wednesday approved the measure, which would bypass months of unnecessary delays by determining the length of reviews based on a school's bond rating.
Under the bill, a school with good financial standing could save several months and wouldn't need prior approval to determine exact costs for a project.
The current five-step approval process involving two agency boards and a legislative review committee adds at least six months to any proposed construction project.
The bill which passed the Senate 37-4 last month was spurred by the desire of Clemson University to create an enterprise division to oversee construction projects and attract more private funding.
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