[Busmgrs] May 2017 OSCIM Application

[ELLIOTT Michael S - ODE]

Dear Business Managers,

I wanted to let everyone know that we are ready to move forward with the Oregon School Capital Improvement Matching Program (OSCIM Program) for the May 2017 election. There were some early concerns with the level of funding available for that election, but I am pleased to report that currently we are planning to have the full $30.19 million available for commitments. That will translate to $17.9 million for the Priority list and $12.2 million for the First in Time list.

Applications will be accepted starting at 8:00 am on Friday, January 13, 2017. The periods for the first in time lottery system are as follows:

Period 1: 8:00 am to 12:30 pm on Friday January 13, 2017.
Period 2: 12:31 pm to 5:00 pm on Friday January 13, 2017
Period 3: 5:01 pm Friday January 13, 2017 to 5:00 pm on Tuesday January 17, 2017.

Please find a copy of the application attached. There are two changes that are being made to the application. First, districts do not need to supply board minutes as part of the application. They can if they want to, but that will no longer be required. Second, the project description box is significantly larger. ODE needs more project description information to ensure that all projects used as a basis for the match qualify as capital construction costs. The OSCIM Program can only be used for capital costs and so we need more information at this point to ensure that applications are meeting that definition. If you have specific questions I recommend contacting your local bond counsel.

If after reviewing the application you have additional questions, please let me know.

Thank you,
Michael



Michael Elliott, J.D.
School Facilities Coordinator | Office of Finance & Administration|School Finance & School Facilities| Oregon Department of Education
Office: 503.947.5627 | Fax: 503.378.5156 | *michael.s.elliott at state.or.us

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