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Ways & Means hears H.955 amendment that would add $50M in annual bonding capacity for school construction
Summary
Lawmakers reviewed a Ways & Means amendment to H.955 that proposes state aid changes and an additional $50 million in bonding capacity per year to catalyze prioritized school‑construction projects; members pressed for CDAC/treasurer analysis of credit and capital‑budget impacts and for clearer prioritization rules.
John Gray of the Office of Legislative Council walked the committee through a Ways & Means amendment to H.955 that would supplement the existing debt‑service subsidy model for school construction with additional state bonding capacity and changes to award calculations.
Gray said the short‑term intent is to "catalyze the state aid for school construction program by providing state aid in the form of up to an additional $50,000,000 annually in state bonding capacity," and that the bill would prioritize projects aligned with consolidation and statewide…
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