We recently discussed the Weatherization Assistance Program (WAP), which enables low-income families to permanently reduce their energy bills by making their homes more energy-efficient. What many people don’t realize is that funding for this program, and others, originated with the American Recovery and Reinvestment Act. A number of other programs also benefitted from WAP, including funding for Education. More than $67 million in financing was made available to 28 school corporations in Indiana to make improvements to schools’ infrastructure.
Stimulus money comes in the form of an award from the Qualified School Construction Bond (QSCB) Program with a very low-interest rate on the payback. The bond money can only be used for specific purposes — to upgrade facilities, including heating and cooling systems, roof replacements and environmental upgrades.
This one-time money should be used for items that do not add new ongoing expenditures; rather, it’s a chance for schools to replace an old boiler or furnace that they just didn’t have funds in the budget to complete. For example, according to the Greene County Daily Word, White River Valley Junior / Senior High School has been able to install a new electronic marquee-style sign out front, refurbish its track with the $1,975,000 it was awarded in August 2009. Additionally, construction workers have been busy installing a new roof on the building in Switz City.
Visit Indiana Department of Education Stimulus Package Information for more about Federal and State money that may be available to help your favorite school make some improvements.
If you have any questions about new commercial HVAC systems, call Thiele at 317-639-1111 or visit www.CallThiele.com.