The Project Scope and Budget Agreement (“PSBA”) is a standard contract that the MSBA enters into with Districts that have a proposed school project. The PSBA is executed after the feasibility study and documents the project scope, budget, schedule, and potential MSBA participation for a proposed project.
The PSBA is not a funding agreement and a District cannot submit requests for reimbursement for costs beyond the feasibility study until a Project Funding Agreement has been executed and all other MSBA requirements have been met.
A District must also submit two original Certifications of Legal Counsel with the PSBA. The Legal Counsel Certification requires the District’s legal counsel to certify which local public official or governmental body (the “Local Governing Body”) has the full legal authority to execute the PSBA on behalf of the District and to bind the District to its terms. The MSBA will prepare and send a customized Certification of Legal Counsel to Districts with the PSBA. View the template PSBA Certification of Legal Counsel