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House approves charter‑school bonding authority to lower financing costs
Summary
The House passed House Bill 3 18 to create a Charter School Finance Authority allowing charter schools to access better bond rates via a three‑member authority; the bill passed 64‑5 and will be sent to the Senate.
Representative Urquhart sponsored House Bill 3 18 to create a Charter School Finance Authority that would allow charter schools to issue bonds and obtain more favorable financing rates. He emphasized the authority would be structured so that "this may not exercise power in any manner which would create general or moral obligations of the state or any agency" and said the approach mirrors other…
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