Bill > HB0419

This bill reorganizes provisions relating to a revolving loan account for charter schools. It creates the "Charter School Revolving Fund" within the Uniform School Fund, which will be administered by the Utah Charter Finance Authority to provide loans to charter schools for facility construction, renovation, and start-up/expansion expenses. The bill sets loan limits, terms, and interest rates, and transfers assets from the existing "Charter School Revolving Account" administered by the State Board of Education to the new fund. The bill also appropriates $50 million from the Public Education Economic Stabilization Restricted Account to the new Charter School Revolving Fund and $4 million to the Charter School Reserve Account, effective July 1, 2024.

Education

https://le.utah.gov/~2024/bills/static/HB0419.html