School districts or area education agencies (AEA) establish capital project funds to account for the financial transactions related to acquisition or construction of facilities.

One capital project fund that a school district will establish is the Local Option Sales and Services/Statewide Tax for School infrastructure Capital Project Fund. The link below will redirect you to information about LOSST/SAVE.
Local Option Sales and Services/Statewide Tax for School Infrastructure (LOSST/SAVE), Iowa Code Chapters 423E and 423F.

For specific appropriate and inappropriate uses of capital projects funds and revenue sources, refer to Iowa Administrative Code chapter 281--98 and the Iowa Uniform Administrative Procedures Manual, chapter 9.