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ERIC Number: ED225240
Record Type: RIE
Publication Date: 1982-Apr-21
Pages: 33
Abstractor: N/A
Reference Count: 0
Financing the School Plant. Draft.
King, Dave; Kimbrough, Ted
Thirteen methods of financing school buildings in California are described in this document. A brief introduction reviews recent changes in California school financing, following passage of Proposition 13, and explains the need for new financing methods. For each method, the document provides a description (which also points out limitations), implementation procedures, funding sources, legal authority, and sources of further information. The financing methods include (1) building and renovation funding through redevelopment agency monies; (2) joint-use and occupancy development with a private developer; (3) Leroy Green State School Building Lease-Purchase Law using state funds; (4) emergency classroom program, to acquire portable classrooms; (5) lease-purchase program using district funds; (6) Public Law 81-815, providing federal aid for urgently needed construction; (7) revenue sharing funds from the federal government; (8) development mitigation, to repay the district for new development costs; (9) special district taxes, if approved by voters; (10) leasing facilities from a bond-issuing nonprofit corporation; (11) joint sharing of facilities with recreation agencies; (12) lease and lease-purchase of sites, buildings, or facilities; and (13) certificates of participation in facilities partially leased to others. (RW)
Publication Type: Speeches/Meeting Papers; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: California Association of School Business Officials. Southern Section.
Note: Paper presented at the Annual Meeting of the Council of Educational Facility Planners, International (59th, Columbus, OH, September 26-29, 1982). Flow chart will not reproduce due to small print of original document.