1. (a) The maximum building aid award amount shall be the maximum amount of building aid the school district or charter school is eligible for based on the application submitted to the department.
2. (b) The maximum building aid award amount shall be the estimated project costs multiplied by the building aid rate or the balance of the building aid appropriation that fiscal year, whichever is lower.

3. (c) The estimated project cost is the sum of the following:

   1. (1) Eligible site costs per Ed 321.20;
   2. (2) Eligible construction costs per Ed 321.21;
   3. (3) Eligible administrative costs and contingency per Ed 321.23; and
   4. (4) Eligible fees and services costs per Ed 321.24.

4. (d) Project costs not included in the maximum building aid amount and not eligible for building aid include the following:

   1. (1) Site acquisition and site development costs for sites that exceed Ed 321.07 maximum standards for school building aid for land acquisition;
   2. (2) Project costs for buildings that exceed Ed 321.09 maximum sizes for school buildings;
   3. (3) Construction costs that exceed Ed 321.22 maximum allowable construction costs; and
   4. (4) Costs for ineligible items known at the time of the application, including but not limited to items in Ed 321.32.
5. (e) If available building aid funds in a given fiscal year are insufficient to meet the maximum building aid award, the maximum building aid award shall be reduced to the balance of funding available in that fiscal year.
6. (f) The actual amount of building aid granted shall be determined upon completion of construction and by a review of the eligible project costs submitted to the department in accordance with Ed 321.28.

Source. #8265, eff 1-22-05; ss by #10363, eff 6-15-13; ss by #13054, eff 6-12-20 (formerly Ed 321.20); ss by #14023, eff 7-12-24; ss by #14215, eff 3-14-25