Code: FFF(1)
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 avail-able 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.
Authority O.C.G.A. § 20-2-260; 20-2-262.
Adopted: May 10, 2012 Effective: May 30, 2012