Ga. Comp. R. & Regs. R. 160-5-4-.02 - Capital Outlay Entitlement, Funding Requests, And Required Local Participation
(1)
DEFINITION.
(a)
Regular entitlement - a
school system's annual share of the state's capital outlay entitlement
authorized by the Georgia General Assembly for regular capital outlay purposes.
This is computed by multiplying the annual authorization level by the ratio of
the local need to the total state need as determined by the Local Facilities
Plans (LFP).
(2)
REQUIREMENTS.
(a) A local board
of education's entitlement shall accrue from year to year. Effective July 1,
2012, all accrued entitlements can be used toward any eligible new
construction, addition, renovation, and/or modification project.
(b) Each year during the annual capital
outlay application period, a local school system can submit a request for state
funding (entitlements) for a project(s) identified in its LFP.
(c) A local board of education shall have the
required local participation funds available at the time the system submits its
capital outlay application.
(d)
Accrued entitlement will be adjusted annually for any new projects funded or
credited for any balances remaining from completed projects.
(e) For the capital outlay program regular
and regular advance categories), local school systems shall have the facility
needs of each school determined by the department annually. Facility needs are
determined by the total improvement needs recommended by the most recent state
board approved LFP, adjusted downward for projects financed or completed since
the completion of the previous survey and adjusted by the most recent FTE
data.
Notes
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