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1998 SESSION

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HB 894 School construction funding.

Introduced by: Joe T. May | all patrons    ...    notes | add to my profiles

SUMMARY:

School construction funding. Creates a mechanism for reimbursing localities for the costs of public school construction, enlargement, or renovation similar to the procedures in place for jail construction reimbursements. On and after July 1, 1998, the Commonwealth is to reimburse any locality up to one-half of the capital costs of a public school construction, enlargement, or renovation project upon a basis approved by the Board of Education in accordance with the provisions of this chapter. The Board regulations shall include criteria for assessing need and establishing and evaluating requests for reimbursement and to ensure the fair and equitable distribution of state funds provided for this purpose.

No such reimbursement may be made unless the plans and specifications, including the need for additional personnel, have been submitted to the Governor for approval. Reimbursements by the Commonwealth to localities for a portion of the capital costs of a school construction, enlargement, or renovation project, may be made in lump sum payments or over a specified period of time through a contractual agreement entered into by the Treasury Board, and approved by the Governor on behalf of the Commonwealth, and the locality or combination of localities undertaking the project. Reimbursement may be applied to actual construction costs, architectural and engineering fees, and fixed equipment, but not for site acquisition or development, furnishings and fixtures, administrative costs, or certain professional fees.

Localities requesting reimbursement shall, on or before March 1 biennially in the odd-numbered years, submit to the Governor school construction, enlargement, or renovation plans and specifications, including detailed cost estimates of any such project. On or before July 1 in the odd-numbered years, such localities shall also submit to the Governor, the expected financing costs for any such project. The Governor shall submit his recommendations for funding such projects as part of the budget bill. Requests for appropriations of such funds shall be considered by the General Assembly only in even-numbered years.


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