Capital Projects

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About Capital Projects Funded by Bond Proceeds

General Obligation and Severance Tax Bonds are used, along with other funding sources such as the state general fund, to fund capital projects around the state. The State Board of Finance issues tax-exempt General Obligation and Severance Tax Bonds and taxable short-term Severance Tax Notes to fund capital projects appropriated by the legislature.

Bond Project Disbursement Rule

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The Questionnaire Process

Prior to bonds being sold for a capital project, each oversight agency/local entity must certify the need to receive bond proceeds by completing a questionnaire through the Capital Project Questionnaire System.

When capital projects are funded with tax-exempt or taxable bond proceeds, the Board must ensure that those projects comply with state and federal laws. Agencies must certify the need for bond proceeds as well as provide necessary information so the SBOF can determine whether or not the project is ready to receive funding (i.e., funds can be expended timely to comply with spend-down requirements).

Board staff and DFA staff and tax, bond, and board counsel review the questionnaires. Board staff oversees and manages any necessary questions and follow-up.

Training Resources

New Capital Project Questionnaire Trainings

 

State Agency Reimbursement Requests & Resources

Bond Project Authorized Condition Memos

Bond Project Certifications

Reversions

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General Resources & Information

Bond Project Authorized but Unissued Lists

Projects with Conditions [need to create]

Access the Bond Tracking System

Bond Project Draw Request Forms