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Committee advances House Bill 338 to create revolving grant/loan program for rural school facility repairs using existing funds
Summary
House Bill 338 would repurpose roughly $50.5 million from a dormant school facilities account and leftover bond-levy-equalization funds into a Public School Facilities Cooperative Funding Program to provide up to $5 million per district for health, safety and renovation projects; the committee gave HB 338 a due-pass recommendation to the floor.
Doug Pickett introduced House Bill 338 on March 3 and said the proposal builds on earlier legislation to make an existing but underused school facilities fund available to districts with demonstrated health, safety or renovation needs. Pickett said the bill would combine money that already exists in a school facilities fund with leftover bond-levy-equalization funds to total about $50,500,000 for a revolving grant program aimed primarily at smaller, rural districts.
Representative Monroe Furness (Furness), who spoke at length to the bill's mechanics, said the program is not a new…
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