The bill H.129 aims to create a new State Aid for School Construction Program under the Agency of Education, which will provide state debt service subsidies to school districts for eligible construction projects. It emphasizes the efficient use of public funds to modernize school infrastructure and encourages collaborative construction efforts and building consolidations. The bill introduces new sections to the Vermont Statutes Annotated (16 V.S.A. 3440-3445), outlining the program's policy intent, the responsibilities of the Agency of Education, and the establishment of a State Aid for School Construction Advisory Board to oversee implementation. A School Construction Aid Special Fund will be created to support the program, and a structured application process for school districts will be established, highlighting community involvement and regional solutions.

Additionally, the bill sets forth new regulations requiring school districts to obtain final approval from the Secretary before starting construction, including a preliminary approval process and supervision by qualified personnel. It mandates adherence to safety guidelines for playgrounds and specifies that districts can only begin construction after receiving final approval, with no reimbursement for debt incurred prior to aid. An appeals process for municipal corporations dissatisfied with Agency decisions is also introduced, allowing appeals to the Superior Court within 30 days. The rulemaking authority for school construction is transferred from the State Board of Education to the Agency of Education, with existing rules remaining in effect until changed. The act is scheduled to take effect on July 1, 2026.