Rule 160-1-4-.163 - Capital Outlay Program - Growth Component(1)Purpose of Program. The purpose of the growth component of the Capital Outlay Program is to provide a systematic, equitable means of making state assistance available to local school systems for meeting their capital outlay needs for new educational facilities required as a result of growth.(2)Terms and Conditions. To be eligible to receive funds, a local school system must submit to the department an application that explains how the system plans to use growth entitlement to provide new educational facilities and/or additions to existing schools required because of growth. In the application, the system must show how its request for growth entitlement funds correlates to the system's approved long-range facilities plan. A local school system receiving these funds agrees to meet all terms and conditions specified in state law and to provide required matching local funds of 8-20 percent of the eligible project costs based on the system's local participation factor.(3)Eligible Recipients. Local school systems are eligible to receive these funds.(4)Criteria for Award. Funds are not awarded on a competitive basis. Using the formula below, growth entitlement earnings are calculated annually as soon as the average full-time equivalent (FTE) student counts for the last completed school year are available. Shortly after the beginning of each new fiscal year, each school system is notified in writing by the department of its regular and growth entitlement earnings. a. Average Annual FTE for most recent three years - | Average Annual FTE for the last three years prior to the completed school year = | Average Annual FTE Growth for Each System (Positive Nos. Only) (Must be equal to or greater than 65 to qualify) |
b. Average Annual FTE for most recent three years for each school system Average Annual FTE for the last three years prior to the last completed school year | = | Each School System's Rate of Growth (Must be equal to or greaterthan 1.5% to qualify) |
c. Each ELIGIBLE School System's Average Annual FTE Growth Total Statewide ELIGIBLE Growth | = | Each ELIGIBLE System's Ratio of Growth |
d. ELIGIBLE School System's Ratio of Growth (from above calculations) (set by Legislature annually- earned currently $100, $80, $60, & $40million levels) | Annual Program * Authorization Level = | Each ELIGIBLE School System's Annual Entitlement Earnings for Exceptional Growth (Entitlement by eligible systems is contingent upon the program authorization level set by the Legislature annually.) |
(5)Directions and Deadlines for Applying. Based upon the earnings information, each school system decides each year whether to submit an application to the department requesting use of entitlement funds or to allow its entitlement to accrue until a later year. Completed applications must be submitted to the department by no later than September 1 of each year. The date state funds become available each year is dependent upon the funding source the General Assembly designates for the growth applications submitted. Requests for information and applications should be made to the Facilities Services Unit, Office of Finance and Business Operations, Georgia Department of Education, 205 Jesse Hill Jr. Drive, SE, 1670 Twin Towers East, Atlanta, Georgia 30334-5001.Ga. Comp. R. & Regs. R. 160-1-4-.163
Authority O.C.G.A. Sec. 20-2-260.
Original Grant description entitled "Capital Outlay Program-Growth Component" received February 14, 1996.Submitted: Jul. 30, 1996.