(a) A request for an allocation of funds under Alaska Stat. § 14.11.100 must be submitted to the department by the school district not later than October 15 of the fiscal year before the fiscal year for which the request is made.
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) The department shall evaluate projects for which retirement of school construction debt is requested. In evaluating projects for bond reimbursement as required under this section, the department shall evaluate all of the following factors, without establishing an absolute priority for any one factor:
(1) emergency requirements;(2) priorities assigned by the district to the projects requested;(3) new local elementary and secondary facilities;(4) existing regional, community, and school facilities, and their condition; this paragraph does not include administrative facilities;(5) the amount of district operating funds expended for maintenance; and(6) other program options for accomplishing the project’s objectives.(c) [Repealed by 2015 amendment]
