An act relating to the State Aid for School Construction Program

This bill creates Vermont's State Aid for School Construction Program, providing state funds to help school districts cover borrowing costs for eligible construction projects. The program offers varying levels of aid based on bonus incentives tied to criteria like cost efficiency, geographic accessibility, 21st-century facility standards, and prioritizing existing infrastructure use. The Agency of Education manages the program, including setting priority rules, reviewing applications, and maintaining public project data. A new eight-member advisory board - comprising agency officials and appointed education/construction experts - will advise on program implementation and priorities. The law requires annual reporting to the legislature and encourages joint projects between districts to maximize resource use.