Bill > S383

This bill directs the Massachusetts School Building Authority (MSBA) to establish a new loan program specifically designed to help private special education schools finance facility improvements. The proposed loan program, which would operate under the existing School Modernization and Reconstruction Trust Fund, will offer no-interest or low-interest loans to schools approved under chapter 71B (which governs special education programs in Massachusetts). By creating this financing mechanism, the bill aims to support private special education schools in upgrading or constructing school facilities, potentially helping these schools improve their infrastructure and learning environments without imposing significant financial burdens. The legislation explicitly notes that this loan program can be implemented notwithstanding any existing general or special laws that might otherwise restrict such a program, giving the MSBA clear authority to develop and implement the loan regulations.

Education

https://malegislature.gov/Bills/194/S383