The Secure an Advanced Vision for Education fund was created in 2008 to provide schools across the state of Iowa with a revenue source to ensure quality school buildings and help students enter the workforce prepared for 21st-century careers. NOTE: Funding is provided through a local sales tax option - NOT a grant program.
Moneys received for school infrastructure purposes shall be utilized solely for school infrastructure needs or school district property tax relief. These activities include the construction, reconstruction, repair, demolition work, purchasing, or remodeling of schoolhouses, stadiums, gyms, field houses, and bus garages and the procurement of schoolhouse construction sites and making of site improvements.
If allowed by the district's revenue purpose statement, the district could equip a new construction, a remodeling or repair project, or purchase equipment that is an integral part of real property. In addition, the district could purchase equipment that Iowa Code expressly authorizes from PPEL or PERL.
Additional information is available in the 2019 SAVE Legislative Summary at: https://educateiowa.gov/sites/files/ed/documents/FY18%20SAVE%20Legislative%20Report.pdf.
This funding stream was formerly known as the Statewide School Infrastructure Sales and Services Tax and also known as the Local Option Sales and Services Tax for School Infrastructure.