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More than $240 million in STEM funding approved for the UM System

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Improvements to the University of Missouri System's STEM facilities those related to science, technology, engineering and math topped the list of capital state funding requested by the university for the 2016 fiscal year. The UM System Board of Curators unanimously approved the request at a meeting Friday. The board also approved the system's request for operating funding for 2016 a total of $521.4 million among the system’s four campuses, $24.9 million of which would also go toward STEM initiatives.

Capital budget

Almost $243 million in state funding has been requested for the rehabilitation of STEM facilities throughout the system. The funding request doubles as a way to repair buildings that have deferred maintenance needs, said Thomas Richards, interim system vice president for finance. This allows the university to achieve several goals at once.
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