STATEMENT OF PURPOSE
RS31715 / H0755
This bill would create a fund in the state treasury to support public education facilities. Moneys in the fund shall
be distributed as a need-based grant to school districts for the purposes of financing construction, remodel, and
maintenance of school facilities. An application for such grant funds shall include a detailed plan for the school
facility project, details concerning facilities conditions, projected costs related to the project, estimated bond
levy request, previous bond levy requests, and financial condition report of the school district. The treasurer
shall review and approve applications in consultation with the state division of occupational and professional
licenses, the state fire marshal, the state board of education, and the state department of education. Based on
the application, the state treasurer may approve all or part of the grant request. If the state treasurer approves
the grant application, the school district may then pursue their bond levy, less the grant amount approved for
distribution.
FISCAL NOTE
This legislation requests a one-time transfer of $25,000,000 existing dedicated funds in the public school
facilities cooperative fund (33-909) to the fund established in this bill with continuous appropriation. At the
discretion of the legislature, general funds may be added to the new fund to support additional grants.
Contact:
Representative Rod Furniss
Representative Sonia Galaviz
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/28/2024, 9:52 AM


Statutes affected:
Bill Text: 33-1017, 33-906, 33-1613