LD 91 LR 983(03)
An Act To Raise the School Construction Bond Cap
Fiscal Note for Bill as Engrossed with:
C "A" (H-5)
Committee: Education and Cultural Affairs
Fiscal Note
No fiscal impact
Fiscal Detail and Notes
Increasing the major capital maximum debt service limit for school construction projects by $10.0 million in fiscal year 2013-14 and $10.0 million in fiscal year 2014-15 will not increase the total state and local cost of K-12 public education, or the State's share of that cost, in the 2014-2015 biennium.  Sufficient lead time is not available to bring new projects online that would require funding for additional debt service payments in the 2014-2015 biennium.