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(a) If a school construction project for which reimbursement of debt service costs under AS 14.11.100 (a)(6) or (7) is requested meets the requirements of AS 14.11.100 (a)(6) or (7) and of 4 AAC 31.060(j) , (k), and ( l ), the department will approve the project as eligible for reimbursement of principal and interest. Approval of eligibility is effective for one year. At the end of one year, the department will again review the project and will approve the project as eligible for reimbursement only if the project continues to meet the requirements of 4 AAC 31.060(j) - ( l ).
(b) Under 4 AAC 31.082, the department will score each project and use the score to assign a priority ranking to the projects approved for eligibility under (a) of this section. A school district may request to use the original project's score for one additional year after initial approval if the project remains eligible under (a) of this section, but the use of the score under this subsection is limited to two years.
(c) If a school district elects to use the score as specified in (b) of this section, the district may not appeal the project's priority ranking in the second year.
History: Eff. 8/12/93, Register 127; am 4/17/98, Register 146
Authority: AS 14.07.020
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Last modified 7/05/2006