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Senate panel hears bill to let Air Force base schools use low‑interest school construction loans
Summary
Senate Bill 2,149 would allow schools on Air Force bases to access the state School Construction Assistance Revolving Loan Fund with 2% loans and a cap of $20 million; committee heard bank and sponsor testimony and scheduled follow-up with the Department of Public Instruction.
Senator Don Schauble, District 31, introduced Senate Bill 2,149 to the Senate Education Committee to allow schools located on Air Force bases to access the state School Construction Assistance Revolving Loan Fund when they receive federal construction priority.
The measure would exempt Air Force base schools from current law requirements tied to property tax‑based repayment and would instead allow a 2% loan option, with individual loans up to $20,000,000, to cover the local 20% match required when a facility receives 80% federal funding. "This bill is to create an opportunity for schools on our Air Force bases to take advantage of low interest school construction loans, just like the rest of our districts," Schauble said during the hearing.
The bill sponsor and Bank of North…
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