(at the request of Task Force on School Capital Improvement Planning)
Chief Sponsors:
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Regular Sponsors:
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Bill Title:
Relating to funding for capital costs of school districts; and declaring an emergency.
Catchline/Summary:
Establishes grant program to provide matching fund grants to school districts for capital costs of school districts. Establishes grant program to provide matching fund grants to school districts for capital costs of school districts. Authorizes State Treasurer to issue Article XI-P general obligation bonds to match general obligation bonds issued by school districts for capital construction.]
Establishes Office of School Facilities. Prescribes duties of office, including distributing moneys to school districts with facility needs.
Modifies distributions from State School Fund for facilities grants. Provides for distributions from State School Fund to Office of School Facilities.
Increases limitation on biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by Department of Education, for costs of administering grant program.
Declares emergency, effective July 1, 2015.
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SB 447
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