This publication summarizes ideas and outcomes of the first-ever symposium on capital renewal and deferred maintenance (CRDM) at New Mexico public institutions of higher education. A preface by Donald L. Mackel of the University of New Mexico reviews state policy concerning facility maintenance responsibilities and the university's CRDM status. Chapter 1 briefly reviews the past 40 years of studies on the importance of CRDM issues. Chapter 2 reviews the symposium organization. Chapter 3 offers definitions for key terms and discusses benchmarks, standards, and the facilities audit. Chapter 4 describes two planning models for long-term management of CRDM: the deferred maintenance funding and backlog model using the facilities renewal resource model at the University of California as a case study of the latter. Chapter 5 addresses issues of financing capital renewal and identifies six strategies for funding CRDM, such as direct appropriations, bond or debt financing, and special student fees. Chapter 6 summarizes participants views concerning the challenges of stewardship, the costs of ownership, policy and funding implications, and the nature of the planning process. Chapter 7 offers strategies for addressing CRDM problems and for developing new policies, and summarizes some lessons learned about the collaboration process. (Contains 48 references.) (DB)