Budget Amendment ID: FY2024-S3-705

EDU 705

Supplemental Funding for School Construction

Messrs. Finegold and O'Connor moved that the proposed new text be amended in section 2, by inserting after item 7010-0005 the following item:

“xxxx-xxxx For supplemental grants for school construction projects not previously approved for financing by the Massachusetts School Building Authority; provided, however, that notwithstanding any general or special law to the contrary, such grant program shall be made available at the discretion of the commissioner of the department of elementary and secondary education for certain cities, towns and school districts that have previously submitted a statement of interest to the authority pursuant to section 5 of chapter 70B of the General Laws that has not resulted in invitation to the authority’s capital pipeline prior to July 1, 2023; provided further, that any such supplemental grant shall not exceed 10 per cent of the anticipated total budget of the school construction project; and provided further, that debt accrued in the completion of a school construction project receiving a grant under this item shall be incurred outside the debt limit as defined in section 10 of chapter 44 of the General Laws ………………………….$100,000,000”