The Students FIRST law established a building renewal fund for the purpose of maintaining the adequacy of existing school facilities. These monies can be used for major renovations and repairs of a building, for upgrades to building systems (e.g. heating, cooling, plumbing, etc.) that will maintain or extend the useful life of a building, and for infrastructure costs. Monies from this fund may not be used for new construction, remodeling interior space for aesthetic purposes, exterior beautification, demolition, soft capital items, or routine maintenance. A building’s square footage, age, and student capacity are used in the building renewal calculation. The School Facilities Board distributes building renewal monies to school districts in two equal installments in November and May of each year.