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The debt would be amortized over five years with the county making an annual appropriation for the debt service and the state providing revenue to match and cover that appropriation.
The question comes with the last three years of repayment. For the 1988-90 biennium, the General Assembly approved an appropriation to pay 100 percent of the debt service on the equipment financing program. According to the Department of Education’s pamphlet, The Governor’s Educational Technology Initiative, “the General Assembly was made aware of the multi-year financing requirements for this program, and indicated its support through appropriation of the debt service payments for the first biennium.”
However, as Dr. Gangel pointed out to the School Board, that is not a guarantee that the revenue will be available after 1990, and legally, the bonds would be the county’s obligation, not the VSAP’s. “I’ve been assured by the State Department of Education that the money is going to be there,” he said, but suggested that the board not commit itself to participating in the Educational Technology Initiative without a stronger promise. “I don’t want the supervisors to have to buy that satellite dish and then blame me for it!”
More high technology
There was other news on the high tech front at last week’s board meeting. “The electronic age has arrived,” Dr. Gangel announced, reporting that as of Oct. 1, all superintendents’ memos and
See CLASSROOM, p. 14
89.1%