 The
funds are divided among all public school
districts that have territory in Logan
County, based on the number of students who
live in that territory.
These funds may be used by the districts
for school facility purposes that are
outlined in the School Code portion of the
Illinois Compiled Statutes. Distributions
are based on the housing report enrollment
numbers that school officials reported to
the Illinois State Board of Education for
fall 2011.
State law directs Regional Offices of
Education to distribute the funds and allows
the regional offices to hold the funds in
their accounts for up to 30 days. School
districts maintaining agreements with ROE 38
permit the office to keep interest earned on
the funds during that time. When no
agreement is present, funds for that
particular district are deposited in a
non-interest-bearing account until
distribution. Interest accrued will be used
to provide services to the school districts
in the region, including the additional work
and inspections resulting from expected
construction, renovation and maintenance
projects. The school districts will receive
a report on how much interest money is
earned and how it is being spent.
For a table showing how much of the
$121,217.13 received in April goes to each
school district,
click here.
[Text from
file received from
Logan-Mason-Menard Regional Office of
Education 38] |
