The bill extends the provision that reduces local shares for public school capital outlay projects through fiscal year 2027, allowing certain school districts to receive a one-third reduction and small school districts a one-half reduction in their local share contributions. Additionally, the bill eliminates some criteria that the Public School Capital Outlay Council must consider before adjusting a school district's local share, streamlining the process for determining funding eligibility.

Key amendments include the adjustment of the state share calculation for projects approved by the council, which will now include a phase two formula value plus a percentage based on the difference between one and the phase two formula value. For small school districts with fewer than 200 students, the percentage will be adjusted to reflect a one-half reduction. The bill also modifies the criteria for determining a school district's local share, removing certain requirements while maintaining a focus on the district's good-faith efforts to utilize local resources.

Statutes affected:
introduced version: 22-24-5