Policy topic
PSCA bond proceeds are distributed to school districts according to formulas or project allocations established in the legislation authorizing the bond issuance.
Alabama State Profile (2025), printed p. 29 · Program: Public School and College Authority Capital Financing · Ala. Code § 16-16-8
PSCA bonds are repaid from dedicated revenues, including pledged portions of Alabama sales and use tax receipts.
Alabama State Profile (2025), printed p. 29 · Program: Public School and College Authority Capital Financing · Ala. Code § 16-16-11
Although the Arizona Constitution limits state general obligation debt, school facilities revenue bonds issued under A.R.S. §§ 41-5751 and 41-5781 are not treated as general obligation debt because repayment relies on non-tax revenues rather than the state's general taxing power.
Arizona State Roles and Responsibilities for PK-12 Public School Facilities (2025), printed p. 27 · Ariz. Const. art. IX, § 8; A.R.S. § 41-5751; A.R.S. § 41-5781
The Governor must approve the final terms and conditions of each Alabama Public School and College Authority bond issuance.
Alabama State Profile (2025), printed p. 29 · Program: Public School and College Authority Capital Financing · Ala. Code § 16-16-7
Bonds issued by the Alabama Public School and College Authority are limited obligations and do not constitute general obligations of the State of Alabama.
Alabama State Profile (2025), printed p. 29 · Program: Public School and College Authority Capital Financing · Ala. Code § 16-16-9(j)
The School Facilities Oversight Board is authorized to issue up to $200 million in revenue bonds per fiscal year for school construction purposes.
Arizona State Roles and Responsibilities for PK-12 Public School Facilities (2025), printed p. 27 · A.R.S. § 41-5751
The School Facilities Oversight Board is authorized to issue up to $800 million in School Improvement Revenue Bonds for major infrastructure projects and emergency deficiencies corrections.
Arizona State Roles and Responsibilities for PK-12 Public School Facilities (2025), printed p. 27 · A.R.S. § 41-5781
Revenue bonds issued for Arizona school facilities are repaid from revenues generated by the lease or sale of state trust lands rather than from the state's general taxing power.
Arizona State Roles and Responsibilities for PK-12 Public School Facilities (2025), printed p. 27 · A.R.S. § 41-5751; A.R.S. § 41-5781; A.R.S. § 37-221
Prototype research tool. Records are normalized from NCSI state profiles and have not been verified against current statutes or regulations. This is not legal advice — consult primary legal sources for current requirements.