General Track
Financing School Infrastructure Through Impact Aid Bonds and Potential Tax CreditsBasics of Impact Aid
Salon A (mezenine level):
Brief Overview of Impact Aid
• What Impact Aid is
• Where it came from
• Who is eligible
• How it works
• Why we are here
Navigating The Changing Landscape
12 appropriations bills:
• Marked up in subcommittee
• Marked up in full committee
• Debated and passed by full House/Senate
• After the House and Senate pass a bill,
a Conference Committee is formed to
resolve the differences, or Leadership
negotiates informally.
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Breakout 1
Section 7003 Payments and Survey TipsSection 7003 Payments and Survey Tips
Interim
• Proration Increase
• GCD LCR update
• 7003(b)(2)
payments
Breakout 2
Financing School Infrastructure Through Impact Aid Bonds and Potential Tax Credits
General maintenance –
$829,720 per year
• Replace units
• Renovate units
• Staffing
• Plumbing, electrical, general repairs
• Appliances
• Paving parking lots
• New roofs, siding, windows and
doors
• New flooring, paint
• Unrecoverable damage to units