SB 118- Relating to Voluntary Contributions for Public Education Facilities
On Monday, March 16th, SB 118, relating to Voluntary Contributions for Public Education Facilities, by Senator Alan Hays (R-Umatilla) unanimously passed through its first stop in the Senate Finance and Tax Committee with 7 yeas and 0 nays.
This bill sets up a process for businesses to solicit and collect voluntary contributions for the construction and maintenance of public education facilities. Under the bill, participating businesses are required to remit the contributions to the Department of Revenue for deposit into the Public Education Capital Outlay and Debt Service (PECO) Trust Fund.
SB 118 will now head to the Senate Appropriations Subcommittee on Education on Education. AIF stood in support of this bill.
AIF supports legislature to ensure that Public Education Facilities receive the funding they need for their facility costs.