"Florida Polytechnic University needs about $25 million to finish construction of its first building, and its board voted Tuesday to ask state legislators for that money.
The budget for the first building was planned for about $100 million, and that has not gone over budget, said Ava Parker, the school's chief operating officer.
When legislation was passed to create the university, its budget was set up to allow administrators to use what are called "carry-forward" funds toward construction.
University budgets must adhere to specific uses, and ordinarily officials are not able to use any carry forward, or leftover operational money, for construction. But special permission to do so was granted for Florida Poly for a 10-year period.
Initially, using carry-forward money to help with construction costs at the university would make sense, Parker said. As a new school, its operational costs would be limited.
But the board is at the point now where members feel the recurring operational money designated for Florida Poly - $22 million a year - should really be used to set up the academic aspect of the school.
Parker will ask the state to allocate enough funds specifically for construction to complete the project, and the amount is about $25 million, she said."