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Committee backs $4 million infusion to revive charter credit‑enhancement capacity for school facility financing
Summary
HB 219 (first substitute) would add $4 million to the Charter School Credit Enhancement Fund to restore capacity for charter school facility financing that saves charter operators 1–1.5% in interest costs; the committee passed the substitute and recommended it favorably.
The House Education Standing Committee voted to advance the first substitute of HB 219, a bill that would add $4 million to the Charter School Credit Enhancement Fund and restore earlier underwriting parameters so charter schools can access lower‑cost municipal financing for facilities.
Representative Walter, sponsor of the measure, explained the state created the charter school credit enhancement program more than a decade ago to lower borrowing costs…
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