Relating to capital funding for schools; prescribing an effective date.
What changed between versions
Added new priority criteria requiring grants to first address health and safety needs of students and staff before other projects.
Added priority for districts with reserve funds of 8% or less of their adopted budget.
Removed the 10-year restriction preventing districts from receiving grants if they had received voter approval for general obligation bonds in the preceding 10 years.
Changed bond submission requirement from a 3-year lookback to apply only after the new priority criteria are satisfied, allowing more districts to qualify.
Expanded the list of eligible fund destinations for excess kicker revenues to include the School Facility Improvement Fund in addition to the State School Fund.
Added requirement that grants must be matched by districts at a ratio of one local dollar for four state dollars.