Synopsis As Introduced Creates the University Construction Management Autonomy Act. Provides that public universities in the State shall be granted autonomy to manage construction projects funded by the State, as long as the total State funding does not exceed $20,000,000. Provides that the autonomy granted to universities shall include the authority to: (1) develop and approve project plans, budgets, and timelines; (2) select contractors, architects, and other necessary personnel for the project; (3) procure materials and equipment necessary for the project in compliance with State statutes, rules, and standards; and (4) monitor and oversee the progress of the project to ensure compliance with State rules and standards. Allows the public universities to have the option to use the services of the Capital Development Board for construction projects. Provides that public universities availing themselves of the autonomy shall provide regular reports to the Board of Higher Education detailing the progress, expenditures, and outcomes of construction projects managed independently. Effective immediately.