Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Representative Walter seeks funding to expand charter school credit enhancements and revolving facility loans
Summary
Representative Walter asked the Education Committee to approve two charter finance proposals: a $4 million recapitalization of a credit-enhancement reserve (HB218) and a proposed $50 million one-time capitalization of a revolving facility loan fund (HB219).
Representative Walter presented two charter finance proposals to the Education Committee designed to lower borrowing costs and expand facility financing options for charter schools.
HB218: credit enhancement recapitalization. Walter described a 2012 credit-enhancement (moral obligation) program that helped creditworthy charter schools obtain lower-cost debt. He said standards used to qualify schools were unchanged in statute, but rating-agency requirements have tightened, making it harder for schools to qualify. HB218 would place $4 million into the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
