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| SPONSOR: | Griego | DATE TYPED: | 3-12-01 | HB | |||
| SHORT TITLE: | Capital Outlay Grant Assistance Eligibility | SB | 601 | ||||
| ANALYST: | Segura | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| N/A | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
State Department of Education (SDE)
SUMMARY
Synopsis of Bill
Senate Bill 601 amends the Public School Outlay Act by requiring school districts that are applying for Public School Capital Outlay Council (PSCOC) funding to be indebted to at least 35% of their bonding capacity in order to be eligible.
Significant Issues
Currently, the Public School Capital Outlay Act requires school districts to be indebted to at least 75% of their bonding capacity in order to be eligible for PSCOC funding.
Based on the bonding indebtedness of each school district as of 12/31/00, SB 601 will increase the number of school districts eligible for PSCOC funding from 40 to 64.
Assuming a proportional increase in priority one requests, $306,635.6 would be requested for priority one projects by these 64 school districts. According to SDE, currently, $191,647.3 in priority one requests are on file at SDE.
ADMINISTRATIVE IMPLICATIONS
The State Department of Education (SDE) administers the PSCOC program. SDE indicates more site visits will be required to assess the PSCOC applications from school districts.
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