Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

School Building Assistance : What is the difference in the old SBA (School Building Authority) and the new MSBA (Mass School Building Authority)?

0
Posted

School Building Assistance : What is the difference in the old SBA (School Building Authority) and the new MSBA (Mass School Building Authority)?

0

The old School Building Authority (SBA) was governed by the Department of Education. Under the old regulations, school districts would submit a proposal to the DOE and, after approval, be placed on a “waiting list.” The timeline for actual payments for an approved project was always uncertain and, once funding began, it was delivered over a 20-year period. Annually, a project’s placement on “the list” was subject to change as more pressing projects came onto the list. The new School Building Authority (SBA) falls under the jurisdiction of the State Treasurer’s office. This Authority has been funded with a dedicated funding stream of 20% from the sales tax. Under this new authority, schools will apply annually for reimbursement, and the state will fund projects according to available revenue. Once approved, schools will receive reimbursement in lump sum payments over a three-year period. With the new Authority, there will no longer be a “wait list.” As a practical matter that means that

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.