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for specific capital projects based on a prioritization system. The District is currently eligible for <br />State Match funds for capital projects at the high school level. State match does not cover all of <br />the costs of construction and each district has a different matching ratio based upon the state's <br />formula. <br />Land Sales <br />The District currently has no property for sale. <br />Impact Fees <br />Impact fees are a means of supplementing traditional funding sources for construction of public <br />facilities needed to accommodate new development. School impact fees are generally collected <br />by the permitting agency at the time plats are approved or building permits are issued. A <br />detailed discussion on impact fees is provided in Section VII. <br />The Six -Year Financing Plan shown on Tablel l demonstrates how the District intends to fund <br />new construction and improvements to school facilities for the years 2006-2011. The financing <br />components include a capital projects levy, funds from bonds, impact fees and State Match <br />funds. <br />The Financing Plan separates projects and portions of projects that add capacity from those <br />which do not, since the latter are generally not appropriate for impact fee funding. Projects and <br />portions of projects that remedy existing deficiencies are also not appropriate for impact fee <br />funding. Thus, impact fees will not be used to finance projects or portions of projects which do <br />not add capacity. <br />M <br />