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1998 SESSION

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HB 559 Lottery revenues; school construction project.

Introduced by: Anne G. Rhodes | all patrons    ...    notes | add to my profiles

SUMMARY:

Lottery revenues; school construction project. Provides that lottery revenues will be placed in a school construction account in the Literary Fund and used to make matching grants to local school boards for school construction projects. In order to receive a matching grant, the chairman of the local school board must certify that the school board will spend at least an equal amount of its own funds. A single matching grant is limited to $3,000,000. VPSA will receive applications for and make the grants.


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