Frequently Asked Questions Concerning RESCUE Aid
May 30, 2000
The building condition survey is not due until November 15, 2000 and the five-year capital plan is due July 1, 2001.
A. According to the N.Y.S. Comptrollers Office this aid may be accounted for in the capital fund using revenue account code H3297, Capital Fund Revenues from State Sources,". Expenditures may be charged to: H1620.293, "General Construction."
1. For projects previously approved by Facilities Planning, submit a separate letter indicating the amount of RESCUE funds and the purpose for which these funds will be used. In addition, districts must submit form FPFI, Request for Revision of Financial Information.
letter as described above and re-submit Form FP-F, Application for examination and Approval of Final Plans and Specifications.
3. For new Applications district must submit Form FP-F as above and clearly indicate the use of RESCUE funds on the application.
Q. Are districts going to be capped at the projected 2000-01 levels based on form 405 estimates?
level per eligible project as the district chooses within the total district allocation subject to
one restriction: districts with an aid ratio below 90% must have a minimum of 5% local
share; districts with an aid ratio of 90% or above must have a minimum of 2% local share.
If there are other questions that are not covered above, please contact John ODonnell in the State Aid Unit at 518-474-2977.