Capital Project Funds
School districts or area education agencies (AEA) establish capital project funds to account for the financial transactions related to acquisition or construction of facilities.
One capital project fund that a school district will establish is the Local Option Sales and Services/Statewide Tax for School infrastructure Capital Project Fund. The link below will redirect you to information about LOSST/SAVE.
Local Option Sales and Services/Statewide Tax for School Infrastructure (LOSST/SAVE), Iowa Code Chapters 423E and 423F.
For specific appropriate and inappropriate uses of capital projects funds and revenue sources, refer to Iowa Administrative Code chapter 281--98 and the Iowa Uniform Administrative Procedures Manual, chapter 9.