Colorado school construction funding expedited
Eagle County, CO Colorado
EAGLE COUNTY, Colorado ” Colorado schools that are in greatest need of financial assistance could get funding as early as March, thanks to a recent agreement.
The Colorado Legislature passed the Building Excellent Schools Today Act last year, which increased the financial assistance available for school district construction projects, and provides approximately $500 million for projects ranging from renovations to building additions and new schools.
The legislation also created the Public School Capital Construction Assistance Board, a nine-person panel tht will determine how various needs across the state could be funded.
The board can distribute funds before statewide assessments are done on school facilities, greatly reducing waiting time for school districts that need assistance.
The online application for funding will be available in mid-December, and applicants will have 30 days to complete a funding request. The funds will be awarded in March.
The next scheduled meeting of the Capital Construction Assistance Board will be Feb. 24 and 25 to review applications and determine those that will be recommended to the Colorado State Board of Education for final approval.