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Board and state school-construction agency outline forward-funding approach for Fruitland Primary; IAC warns of statewide cash-flow limits
Summary
Wicomico County and the state school-construction agency discussed a forward-funding arrangement to keep Fruitland Primary replacement on schedule while state reimbursements are delivered over time.
Wicomico County and Wicomico County Public Schools discussed Fruitland Primary and the county’s capital program during the Jan. 21 legislative session and quarterly work session. School and state construction staff described a plan that would keep the replacement school project on schedule but would require the county to provide cash-flow support while the state fulfills its committed share over time.
Why it matters: The Interagency Commission on School Construction (IAC) provides the state portion of school-construction funding but pays awards over time as state appropriations and project cash flow allow. For larger projects the difference between the county’s immediate construction costs and the timing of state reimbursements can…
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