Bill
Bill > S1180
summary
Introduced
03/11/2019
03/11/2019
In Committee
03/26/2019
03/26/2019
Crossed Over
03/14/2019
03/14/2019
Passed
Dead
Signed/Enacted/Adopted
04/03/2019
04/03/2019
Introduced Session
2019 Regular Session
Bill Summary
EDUCATION -- Adds to existing law to establish the Public Charter School Facilities Program.
AI Summary
This bill adds to existing law to establish the Public Charter School Facilities Program. The program aims to assist qualifying public charter schools in obtaining favorable financing on bonds for facility improvements and construction. To be eligible, a charter school must meet several criteria, including providing evidence of financial stability, strong academic performance, and compliance with certain requirements. The program involves the creation of a restricted debt service reserve account, an intercept of state funding payments, and a public charter school facilities program fund to help address any defaults or shortfalls. The bill also includes limitations on the total amount of bonds that can be issued under the program.
Committee Categories
Education, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (Senate)
Last Action
Session Law Chapter 291 Effective: 07/01/2019 (on 04/03/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2019/legislation/S1180/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2019/legislation/S1180.pdf |
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