§ 100815 School Facilities Funding Appropriation
This law says that any money put into the 2004 State Facilities Fund can be used to give money to schools and to pay back any loans (with interest) that were given to that fund, plus reimburse a bond expense fund.
A school district borrows money from the state to build a new gym. Later, the state uses money from the 2004 State Facilities Fund to pay back that loan and the interest, and also to give the district extra aid for school projects.
The fund’s money is allowed to be used to help the school and to settle the loan and interest, just like the law says.
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§ 100815 School Facilities Funding Appropriation
Last verified: January 10, 2026