capitalexpansionfund41.pptVIP

What is it? How is equalization aid affected by a Fund 41? How many districts have a Fund 41? Why do districts establish it? Why don’t more districts establish one? What are the advantages disadvantages to Fund 41? How is it different from Fund 49? What do I have to do to start one? Authorization to establish a Capital Expansion Fund comes from state statute 120.10(10m); It sets specific procedures a district must do to establish the fund; State Statute 121.90 indicates the levy is within the revenue limit. It’s a fund that segregates money for specific capital projects as determined b