WV School Building Authority Faces Funding Cuts

The West Virginia School Building Authority is facing cuts on grant funding, and in the wake of that it’s considering new methods to help fund counties’ school construction and renovation projects. The Gazette Mail says one consideration is having the authority loan its money to school systems for projects, as well as starting a leaseback program. Counties across the state submit project proposals to SBA, which distributes general revenue, bond proceeds and lottery money. The SBA board currently can only pick some of the projects to fund each year because of the authority’s limited grant money. S BA Executive Director David Sneed says the low-interest loans could come from the SBA’s $50 million annual main “needs” fund