Capital Projects
About Capital Projects Funded by Bond Proceeds
General Obligation and Severance Tax Bonds are used, along with other funding sources such as the state general fund, to fund capital projects around the state. The State Board of Finance issues tax-exempt General Obligation and Severance Tax Bonds and taxable short-term Severance Tax Notes to fund capital projects appropriated by the legislature.
Get More Information on These Bonding Programs
HEI-Capital-Conference-4.6.23.pptx
The Questionnaire Process
Prior to bonds being sold for a capital project, each oversight agency/local entity must certify the need to receive bond proceeds by completing a questionnaire through the Capital Project Questionnaire System.
When capital projects are funded with tax-exempt or taxable bond proceeds, the Board must ensure that those projects comply with state and federal laws. Agencies must certify the need for bond proceeds as well as provide necessary information so the SBOF can determine whether or not the project is ready to receive funding (i.e., funds can be expended timely to comply with spend-down requirements).
Board staff and DFA staff and tax, bond, and board counsel review the questionnaires. Board staff oversees and manages any necessary questions and follow-up.
State Agency Reimbursement Requests & Resources
General Resources & Information
Bond Project Authorized but Unissued Lists