COMMONWEALTH OF VIRGINIA
DEPARTMENT OF EDUCATION
P.O. BOX 2120
RICHMOND, VIRGINIA 23218-2120
SUPTS. MEMO NO. 12
March 14, 2003
Jo Lynne DeMary
Superintendent of Public Instruction
Virginia Public School Authority Educational Technology Notes Series III, Spring 2003
The Virginia Public School Authority (VPSA) is conducting the third sale of equipment notes, Series III, in the educational technology grant program providing funding to school divisions to develop and implement the Standards of Learning (SOL) Web-based Technology Initiative. Funding for this program is targeted to achieve the following four goals:
The VPSA is planning to sell the spring 2003 Educational Technology Notes, Series III, on May 7, 2003, and to close on the notes deal on May 28, 2003. Proceeds of the Series III notes will be made available for reimbursement of qualifying expenditures to localities following the scheduled closing on May 28, 2003.
Attachment A to this memorandum lists the local grant allocations for the Series III, VPSA note issue. Grants to school divisions for the Series III notes are based on $26,000 per school and $50,000 per school division. Eligible schools include those reporting fall membership as of September 30, 2002, as well as division and regional vocational, special education, and alternative education centers, regular school year Governors schools, and the two Virginia Schools for the Deaf and the Blind in the cities of Staunton and Hampton. Localities are required to provide a match of funds equal to 20 percent of the total grant amounts provided to the school division. At least 25 percent of the local match shall be used for teacher training in the use of this technology. Regional centers and the two schools for the deaf and blind are not required to provide a 20 percent match to their grant amount.
Please note that reimbursements for the Series III issue for regional vocational, regional special education, Governors schools, and regional alternative education centers will be made directly to the regional centers. School divisions will not be required to deposit the regional centers share of the note proceeds in their account and then pass those proceeds to the regional center. Please make sure the correct regional center bank account number is included on page 2 of the Series III request for reimbursement form.
Consistent with previous VPSA notes, payments to school divisions and regional centers will be on a reimbursement basis only. Localities and regional centers must first complete payments for the qualifying equipment purchased and then file a Series III reimbursement request with the Department of Education. School divisions and regional centers that adopted a reimbursement resolution and made expenditures prior to the issuance of the Series III notes are required to certify that all reimbursements are qualifying reimbursements. Please note that school divisions and regional centers may not be reimbursed for qualifying expenditures incurred more than 60 days prior to the adoption of a reimbursement resolution.
The Series III reimbursement request form is a downloadable Excel template. This file is available on the Department of Educations Web site at:
The Series III reimbursement form includes certification provisions that incorporate federal and state requirements regarding capital expenditures that qualify for reimbursement. School divisions are primarily responsible for determining whether requests for reimbursement are permissible under federal and state requirements. Public school officials should carefully read and initial the certification provisions to ensure that none of their reimbursement requests violate any of the stated provisions.
Because the reimbursement request form incorporates the certification provisions, localities are not required to submit copies of supporting documentation to the Department of Education; however, copies of all supporting documents (invoices, work orders, statements, etc.) for which reimbursement is to be made must be retained by the school division for at least five years in the event an audit is required. All reimbursement requests for the VPSA Series III notes issue must be made using the above-referenced Series III form. The Department of Education will review the reimbursement request and, when approved, file the request on behalf of the school division with the Virginia State Non-Arbitrage Program, which serves as the investment and account manager for the note proceeds. Please note that no reimbursement requests for the Series III notes will be approved until the divisions Educational Technology Notes, Series II (spring 2002) note proceeds are spent.
Proceeds from the Series II and Series III issues may not be used for middle schools until all high schools in your division have achieved Stage 2 High School Readiness Certification. See Administrative Supts. Memo No. 27, dated May 17, 2002, for additional information on certification procedures. Also, the proceeds of the Series III notes may not be used for elementary schools until all middle schools in your division have achieved Stage 2 Middle School Readiness Certification. If expenditures for middle or elementary schools are submitted prior to achieving the appropriate certifications, those expenditures cannot be reimbursed until after the certifications have been achieved.
Please submit all Series III requests for reimbursement using the Series III reimbursement request form referenced above. E-mail your completed request to Richard Schley at VPSA3@mail.vak12ed.edu. In addition, please mail a signed copy of the reimbursement form to the following address:
Office of Instructional Technology
Virginia Department of Education
James Monroe Building 18th Floor
101 North 14th Street
Richmond, VA 23219
No requests for reimbursement will be processed until the Department of Education has received both the electronic Series III form and your signed hardcopy Series III form with each certification initialed.
Educational Technology Notes, Series II (Spring 2002):
As initially announced in Administrative Supts. Memo No. 33, dated May 31, 2002, the Series II notes were sold by the VPSA in May 2002. Proceeds of the Series II notes were available for reimbursement of qualifying expenditures to school divisions on and after the closing date of May 29, 2002. For grant allocations of Series II VPSA notes, see Attachment A to Administrative Supts. Memo No. 33, dated May 31, 2002 (also included with Attachment B to this memorandum). These proceeds continue to be available to localities for reimbursement of qualifying expenditures for 18 months from the Series II closing date, or November 30, 2003. All reimbursement forms for the Series II issue must be submitted to the department no later than September 30, 2003. As noted above, no reimbursement requests for the Series III notes will be approved until the divisions Educational Technology Notes, Series II note proceeds are spent. Attachment B to this memorandum provides a status of the Series II allocation balance.
For divisions that have not completed reimbursement of expenditures from the Series II VPSA notes, the procedures outlined in Administrative Supts. Memo No. 33, dated May 31, 2002, should be followed, and the Series II reimbursement request form should be used. The Series II reimbursement request form is a downloadable Excel template available on the Department of Educations website located at:
Educational Technology Notes, Series IV, spring 2004:
Chapter 899, 2002 Acts of Assembly, authorizes the Virginia Public School Authority (VPSA) to conduct a sale of equipment notes, Series IV, to be issued in the spring of 2004 to continue funding to school divisions to develop and implement the SOL Web-based Technology Initiative.
School divisions that have spent all of their Series II and Series III note proceeds and that have adopted a reimbursement resolution for the Series IV (spring 2004) notes issue may make purchases in support of the Web-based SOL Technology Initiative; however, please be aware that the note proceeds will not be available for reimbursement until after the closing of the notes sale, which will likely be in late spring 2004. Please be aware that, prior to incurring any costs, the local school board must state its intention to use the proceeds of the equipment notes to reimburse that payment. This must be done through a reimbursement resolution adopted by the local school board. A sample resolution is provided as Attachment C to this memorandum. Please note that localities may not reimburse themselves for project-related expenditures incurred more than 60 days prior to the adoption of the resolution.
If you have questions relating to the financing or determination of qualifying reimbursements, please call the budget staff at (804) 225-2025. If you have questions relating to qualifying equipment that may be purchased from the VPSA note proceeds (i.e., hardware, software) or revised reimbursement form, please call Richard Schley in the Office of Instructional Technology at (804) 371-6882.