The department annually evaluates capital improvement project (CIP) grant applications that are submitted by school districts on or before September 1. Applications are ranked according to the criteria in AS 14.11 and 4 AAC 31, with initial lists released on November 5. Final lists are released after any appeals to reconsideration are finalized.
To be eligible for funding, districts must have a six-year plan, a fixed asset inventory system, adequate property loss insurance, and a preventive maintenance and facility management program certified by the department.
In 2015, the legislature placed a moratorium on new voter-approved bonds participating in the debt reimbursement program, the moratorium was extended in 2020 until July 1, 2025.