Bill > H0129

This bill establishes a comprehensive State Aid for School Construction Program within the Agency of Education to provide financial support for school infrastructure projects. The program aims to encourage efficient use of public funds, modernize school facilities, and support educational needs by creating a structured approach to school construction funding. Key provisions include establishing a State Aid for School Construction Advisory Board to provide guidance, creating a School Construction Aid Special Fund to manage financial resources, and developing a detailed process for school districts to apply for construction aid. The bill outlines a point-based prioritization system where districts can receive a base 20 percent aid for eligible debt service costs, with potential additional bonus incentives up to 20 percent. Projects will be evaluated based on factors such as regional educational needs, economic efficiency, facility suitability, and alignment with statewide educational initiatives. The program emphasizes community involvement, regional solutions, and encourages consolidation of school buildings where appropriate. The Agency of Education will be responsible for reviewing applications, providing technical assistance, maintaining project records, and submitting annual reports to the General Assembly. The program is set to begin on July 1, 2026, with the Advisory Board's initial meeting scheduled before August 15, 2025, and is currently planned to operate until July 1, 2035.

Education

https://legislature.vermont.gov/bill/status/2026/H.129