Facilities Update – State Allocation Board Meeting (August 17, 2016)
The State Allocation Board met this week to discuss and decide several important issues.
- The Board adopted regulations that authorize OPSC staff to determine whether a historical building may qualify for replacement funding, even though the funds will go towards rehabilitating the historical building.
- The Department of Finance audited OPSC’s administration of Proposition 1D Bond Funds. The findings and recommendations are available here.
- The next Priority Funding round will open on November 9, 2016 and close December 8, 2016.
A detailed summary of these issues is attached, as well as the Status of Funds pages from the SAB agenda. The next meeting is scheduled for Monday, October 17, 2016.
Susan Stuart, Partner
Capitol Advisors Group, LLC.