Charter schools; Revolving Loan Fund Program for Charter School Capital Expenditures; Statewide Charter School Board issuing low-interest loans to charter schools through a revolving fund; Charter School Loan Revolving Fund; appropriation; Charter School Bond Credit Enhancement Program; allowing charter schools to issue bonds; Charter School Bond Credit Enhancement Fund; interest allocation; default; special obligations; effective date.

Summary

The bill establishes a Statewide Charter School Board‑run revolving loan fund that can provide low‑interest loans to charter schools for capital expenditures. It also creates a bond‑credit‑enhancement program that lets charter schools issue bonds with state‑backed support. The changes aim to improve charter schools’ access to affordable financing while setting rules for fund management, repayment, and defaults.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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