The State Public School Building Fund was created to provide state funds for the capital improvement of schools in the state. Such capital improvements include the cost of erecting, repairing, equipping, remodeling and enlarging school buildings and related facilities.

The financial structure of the State Public School Building Fund is made up of three interlocking, yet distinct features: (1) annual grants to school districts; (2) legislative funding of the program; and (3) state school bonds. The Mississippi Board of Education approved building projects as follows during 1997-98:
 
 

	Number Approved	Total Cost	Public School Building Funds
Long Range Plans	10	$15,145,063
Applications	32	$10,661,050	$6,421,822
Supplementary Applications	5		$237,031
Contracts	52	$17,217,199	$8,238,449
Change Orders	95	$297,064	($38,832)
Final Project Approvals	70	$45,593,424	$13,999,824
Project Cancellations	1	$375,638	$141,600

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