This bill extends the provision that reduces local shares for public school capital outlay projects through fiscal year 2027, allowing some school districts to have their local shares reduced by one-third and certain small school districts by one-half. 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 funding public school capital outlay projects.

The bill also includes conforming amendments to ensure that the provisions align with the updated funding structure and criteria for grant assistance. It emphasizes the importance of maintaining statewide adequacy standards for public school facilities while allowing for flexibility in funding and project prioritization. The council is tasked with regularly reviewing these standards and providing annual reports on project funding and progress to various stakeholders, including the governor and legislative committees.

Statutes affected:
introduced version: 22-24-5
Final Version: 22-24-5