Comparison of
Lottery Funds v. Corporate Tax (ADM) Funds
PSBCF
Influx of funds into the PSBCF
Corporate Tax (ADM) Funds
4 times per year: February, May, August, November
Lottery Funds
4 times per year: to be determined
Allocation of Funds
Corporate Tax (ADM) Funds
Based on ADM of each county
Lottery Funds
Partially based on ADM of each LEA, and
partially based on tax rate of each LEA
Allowable uses of funds
Corporate Tax (ADM) Funds
Use for school construction or technology.
Use for Debt Service, for projects completed after
July 1, 1987, only if the “county does not need all or
part of the funds … for public school capital
outlay projects.”
Lottery Funds
Use for school construction only; not technology.
May use for debt service for construction after
January 1, 2003. It was intended that a county
continue to spend for public school capital outlay
purposes the same amount of money it would have
spent if it had not received lottery monies.
Required Local Matching
Corporate Tax (ADM) Funds
$1 Local per $3 State for construction,
except no match required for Technology
Lottery Funds
No match required
Application Requirements
Corporate Tax (ADM) Funds
Specific ADM Form, with signatures of Chairs of
Board of Ed and County Commission
Lottery Funds
Specific Lottery Form, with signatures of Chairs of
Board of Ed and County Commission
Availability of Funds
Both Corp Tax and Lottery Funds Applications received before the 25th (22nd in
February) will be processed and funds available by
the 1st of the following month.
Note: The term “construction” includes renovations, additions, and new buildings, and
infrastructure to serve educational facilities.