School Revolving Renovation Fund (SRRF)

School Revolving Renovation Fund

The Maine Department of Education's School Revolving Renovation Fund (SRRF) provides funding assistance to School Administrative Units (SAUs) to ensure that students have a safe, healthy, and appropriate learning environment. The SRRF offers funding where SAUs have identified needs in the areas of health and safety, building systems, energy and water conservation, and learning space upgrades.

Funding Priorities
  • Priority 1 — Health, Safety & Compliance: roof structural upgrades; improvements to indoor air quality; compliance with the Americans with Disabilities Act; hazardous material abatement or removal; and other health, safety, and compliance issues.
  • Priority 2 — Repairs & Improvements: repairs and improvements not related to health, safety, and compliance, limited to school building structures, windows, doors, and water supply or waste disposal systems.
  • Priority 3 — Energy & Water Conservation: repairs and improvements related to energy and water conservation.
  • Priority 4 — Learning Spaces: upgrades of learning spaces.
  • Priority 5 — Other Projects: other projects.
How the Fund Works

The SRRF is funded through the Maine Municipal Bond Bank. It is a State and local partnership, with each providing a portion of a project's funding.

The fund provides loans to SAUs to finance project expenditures. A portion of each loan is considered a grant and is forgiven. The remaining balance is paid back over either five or 10 years at a 0 percent interest rate. Loan repayments revolve back into the SRRF and are then used to fund other approved projects.

Loan Terms at a Glance
  • Forgiveness rate: 30 to 70 percent, based on the percentage of State subsidy paid to the local SAU.
  • Repayment: five or 10 years at 0 percent interest.
  • Maximum loan: $2 million per priority, per school building, within any five-year period.

For additional information, see Maine DOE Rule Chapter 64, Maine School Facilities Program and School Revolving Renovation Fund.

Resources

The Department is not accepting SRRF applications for FY2027.

Fiscal Year 2026 Application Cycle Files