Agenda Item
Meeting Date: 2/4/2020 - 7:00 PM
Category: Consent Agenda A - Routine Business
Type: Action
Subject: (Item A-7) Resolution 2020-16 Support Of Applications for Eligibility Determination and Funding in the School Facility Program When Bond Authority is Exhausted (Mr. Kahn)
:
Enclosure: Resolution 2020-16 Support of Applications for Eligibility Determination and Funding in the School Facility Program When Bond Authority is Exhausted
File Attachment:
Reso 2020-16 Support of Applications for Eligibility Determination and Funding in the School Facility Program When Bond Authority is Exhausted.ada.pdf
Summary: The Office of Public School Construction announced in September 2018 that Proposition 51 new construction bond authority was exhausted, and more recently that modernization bond authority was exhausted in February 2019. When such bond authority is exhausted, the state will continue to allow districts to file applications which are placed on what is called an “Acknowledged List.” However, in order to do so, State Allocation Board regulations require district governing boards to adopt a resolution acknowledging the lack of bond authority, that applications will not undergo any substantial review, that the state funding program may change, the District’s construction activities are at its own discretion, and that the State cannot guarantee any funding for the applications in the future. Nonetheless, it is important for the District to file the request for funds in the event Proposition 51 bond funds return to the program or if additional state bond funds become available for the Program.
As a result, this resolution is before you to allow the filing of applications for funding that may be undertaken.
Funding: There is no financial impact associated with the approval of this resolution.
Recommendation: Staff is recommending adoption of the attached resolution, Support of Applications for Eligibility Determination and Funding in the School Facility Program when Bond Authority is Exhausted.
Approvals:
Recommended By:
Signed By:
Vickie Brum - Planning Analyst II
Signed By:
Leonard Kahn - Chief Business Officer
Signed By:
Cathy Washer - Superintendent