Direct Aid to Public Education (197)
| Request Title | Increase school construction loans from the Literary Fund |
| Biennium | 2022-2024 |
| Budget Round | Initial Bill |
| Category | Appropriation Act language only |
| Region | Multiple Regions |
Description
|
Implements recommendations of the Department of Education and the Department of the Treasury to make Literary Fund construction loans more competitive and attractive to school divisions as a viable source for funding school construction projects. Authorizes the Board of Education to offer up to $200.0 million in FY 2023 and up to $200.0 million in FY 2024 from the Literary Fund in school construction loans or interest rate subsidy grants, subject to the availability of funds. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $0 | $0 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 11-02-2025 10:11:11
