SBCTC Policy Manual
Chapter 6: Capital Expenditures and Real Property Transactions
6.10.00 Approval of Capital Projects and Related Expenditures
RCW 28B.50 authorizes the State Board, to approve:
- Any expenditure of designated capital funds (from either Fund 147 or a legislative appropriation).
- Any expenditure of other local funds for a capital purpose (i.e., to acquire, construct or improve real property).
- Each capital improvement project as an action affecting educational facilities. Projects include purchases of real property, new construction, replacements, renovations, remodels, major repairs, land acquisitions and site improvements.
SBCTC capital budget staff should be consulted on preferred methods and timing of approvals. The preferred schedule for SBCTC action on construction expenditures is following bid opening and before award of the contract. This allows the local board to affirm the availability of sufficient funds to proceed with the project as bid, before SBCTC action.
|SBCTC Resolution 02-09-16
||Board approved Policy Manual
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Page Reviewed/Updated: September 12, 2014, 11:20 AM