Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves House Bill 331 to expand charter school credit‑enhancement program; sponsors say change will allow more schools to refinance at lower rates
Summary
The Senate Education Committee voted to send House Bill 331 to the floor with a due‑pass recommendation. The bill changes how the state calculates capacity for a charter school credit‑enhancement program and lifts the program cap, a change proponents say will allow additional charter schools to lower borrowing costs and direct savings into the课堂.
The Senate Education Committee voted to send House Bill 331 to the Senate floor with a due‑pass recommendation after sponsors and charter‑school representatives described changes to the state’s charter school credit‑enhancement program designed to allow more schools to participate.
State Senator Lori Denhartau, the bill sponsor appearing before the committee, described the proposal as a revision to the program’s formula and removal of the existing cap so that more public charter schools can access the state’s credit enhancement when refinancing or financing facilities. “This piece of legislation modifies the formula and lifting the cap, it allows more schools to participate,” Denhartau said, and noted the statutory transfer into the charter school revolving loan fund already occurred last year.
Denhartau said the program has helped 18 charter schools since its creation in 2019 by lowering bond interest rates by about 2%, producing…
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
