School Facilities Fund, HB 521 & HB 292 Funds

  • Use of HB-292 "Tax Relief Funds" 

    • Bonds

    • Supplemental Levies

    • Plant Facilities Money

      • *(Expect to see an increase in HB292 because no longer have lottery or Bond Equalization Money).

  • Use of HB-521 "School Facilities"

    • Use to repair, maintain, or construct new etc.

    • $4.4 Million over 10 Years

    • Lump Sum or Annual Distribution

    • If Annual is chosen then, District must pay down additional tax debt (Bonds, Levies First)

 

  • Use of HB-521 "School Facilities"

    • Must File a 10 Year Plan

  • August Election Day Taken Away

  • Bond Equalization & Lottery Monies Gone

  • Governor Appoints Executive Officer to State Board of Education

  • 4- or 5-Day School Week Provision to Access Funds

    • 4 Day Weeks Must Meet Minimum Day and Hours (not set till Aug. 1, 2024)

  • MVSD's Dollar Amount Close to 4.4 Million for 10 Years.

    • Remember No Lottery Money!  (currently $150,000 a year goes away)

    • This needs to meet all building needs for the next 10 years (2034)

Click Here For Link To Idaho Legislature Page For HB 292