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House bill 515 would unify school facility funds, add $75 million one-time transfer to top out trust
Summary
Sponsors told the House Education Committee HB 515 would combine school facilities and major maintenance accounts, increase the per-district base to $40,000 and use a one-time $75 million general fund transfer to bring the school facilities subtrust to a $300 million cap.
Representative Linda Rekston (R-13) presented House Bill 515 to the House Education Committee as a one-time funding and formula change intended to expand state support for school major maintenance and technology. "This is 1 time only funding," Rekston said. "It's different than what we heard today about ongoing appropriations."
The bill would unify two existing state special revenue funds used for school facilities and school major maintenance, prioritize a $1,000,000 payment for technology, and increase the formula's per-district base. Rekston said the bill increases the fixed amount to $40,000…
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