HB 733 Summary

• Establishes the Accelerated Appalachian School Building Assistance Program allowing school districts with territory in Appalachian Ohio to apply for state construction assistance regardless of previous eligibility under standard programs.

• Creates the Classroom Facilities Re-Entry Program permitting districts that previously received state assistance to apply for funding to renovate or build new facilities due to enrollment, programming, or facility condition changes.

• Establishes the Capital Improvement and Replacement Program allowing districts with prior state-funded projects to apply for maintenance funding for previously constructed or renovated facilities.

• Appropriates $600,000,000 total ($300,000,000 per fiscal year for FY 2023 and FY 2024) to the School Building Program Assistance Fund for the Accelerated Appalachian program and authorizes the Ohio Public Facilities Commission to issue up to $600,000,000 in bonds.

• Provides cost reduction incentives for Appalachian districts based on voter approval: 20% reduction on first election approval, 15% on second, and 12% on third.