School bond and tax elections in Alaska

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There are no school bond and tax elections in Alaska. All approval of school construction projects and bonding is approved by the Alaska Department of Education and Early Development.

Laws affecting school finance

State government approval

Under Alaska law, all new building projects must be approved by the Department of Education and Early Development. The Commissioner of Education approves all new construction and existing renovations or capital improvement projects.[1]

In Alaska, capital projects which are granted by the state government can be used for costs involved in the acquisition, construction, enlargement, repairs, remodeling, equipment, and or furnishing of public schools that are owned and or operated by the state government, a municipality, or school district. When funding is awarded, districts get funding that includes all costs of financing the project. Also, all needed studies, surveys, building plans and specifications, necessary equipment, and property acquisition are included in all awarded funding[2].

All districts must file a grant application with the State Department of Education and Early Development. It is up to the school district to demonstrate the need, to write up a six year plan of the district's assets and to demonstrate that the project has long term impact and is not a short-term preventive maintenance construction.[3]

The State can either approve the project in its entirety, deny only a part of the project, modify the application, or outrightly deny the application.[4]

Alaska school construction grant fund

All bonds that are granted to school districts come from the Alaska School Construction Grant Fund. All appropriation of the funds are approved by the Alaska State Legislature in terms with how much bonding is given to school districts per a fiscal cycle. Proceeds from all general obligation bond sales can be deposited into the fund.[5]

Alaska Major Maintenance Grants

The Major Maintenance Grant Fund is funding used for major renovations in Alaska Public Schools. The Legislature has the authority to set appropriations to the fund per a fiscal cycle.[6]

Withholding of state funding

Alaska's government is able to withhold all aid payments in the event the school district and or individual teachers are not fully compliant with performance and job related standards.[7]

Shared funding repayments

Under Alaska law, all school districts involved in the funding program for bond issues must pay a share of the funds back, depending on how large the school district is as part of a condition of receiving state funding. This is done on the basis of value of average daily membership. Any district that has a value of $1 to $150,000 must repay five percent, districts with values of $150,001 to $275,000 must repay ten percent, districts with values of $275,001 to $800,000 must repay thirty percent, while districts that have values over $800,000 must repay thirty-five percent.[8]

Also, any funding a district accepts from the state is contingent upon not being in jeopardy of losing federal funds.[8]

See also

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External links

References

  1. "Alaska Legislature" Alaska School Finance Law(See Statute 14.11.135(1). Alaska Statutes)
  2. "Alaska Legislature" Alaska School Finance Law(See Statute 14.11.135(3). Alaska Statutes)
  3. "Alaska Legislature" Alaska School Finance Law(See Statute 14.11.011 Alaska Statutes)
  4. "Alaska Legislature" Alaska School Finance Law(See Statute 14.11.013 Alaska Statutes)
  5. "Alaska Legislature" Alaska School Finance Law(See Staute 14.11.005.)
  6. "Alaska Legislature" Alaska School Finance Law(See Staute 14.11.007.)
  7. "Alaska Legislature" Alaska School Finance Law(See Statute 14.07.070. Alaska Statutes)
  8. 8.0 8.1 "Alaska Legislature" Alaska School Finance Law(See Statute 14.11.008. Alaska Statutes)