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House panel advances bill to convert $50.5 million into revolving fund for rural school facility repairs; grants capped at $5 million
Summary
House Bill 338 would convert about $50.5 million of existing school facility and bond-equalization balances into a revolving grant program to assist districts—particularly rural ones—with urgent facility repairs and renovations.
Representative Doug Pickett introduced House Bill 338, a bill to repurpose existing school facility funds into a public school facilities cooperative funding program aimed at addressing urgent safety and renovation needs, with priority for smaller and rural districts.
Pickett said HB 338 builds on earlier legislation and on a program that has existed but was little used. He told the committee the bill would combine the remaining bond-levy equalization balance with the dormant school facilities fund for a total of about $50,500,000 in available funds. Under the proposal, the fund would operate as a revolving grant program and would be managed by the State Superintendent of Public Instruction rather than the State Board of Education.
Representative Monroe Furness (presenting as…
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