Bill

Bill > HB1253


GA HB1253

GA HB1253
Georgia Charter School Facilities Authority; establish


summary

Introduced
02/09/2026
In Committee
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT To amend Article 31B of Chapter 2 of Title 20 of the Official Code of Georgia Annotated, relating to charter school capital finance, so as to establish the Georgia Charter School Facilities Authority for the purpose of enabling charter schools to obtain revolving loan funds and other public financing assistance for purposes of constructing, renovating, and rehabilitating educational facilities for such schools; to provide for definitions; to provide for the composition, duties, and powers of such authority; to amend Article 2 of Chapter 17 of Title 50 of the Official Code of Georgia Annotated, the "Georgia State Financing and Investment Commission Act," so as to provide for the issuance of general obligation bonds by the Georgia State Financing and Investment Commission to provide for educational facilities for charter schools; to provide for and revise definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.

AI Summary

This bill establishes the Georgia Charter School Facilities Authority, a public corporation designed to help charter schools secure financing for constructing, renovating, and rehabilitating their educational facilities. The Authority will be composed of 15 members, including state officials and appointees, and will have broad powers to make loans, enter into contracts, and acquire property to support these projects. The bill also amends the Georgia State Financing and Investment Commission Act to allow for the issuance of general obligation bonds by the state to provide educational facilities for charter schools, similar to how it currently supports traditional public school systems. This initiative aims to provide charter schools with access to revolving loan funds and other public financing assistance, ensuring they have adequate facilities to operate effectively.

Committee Categories

Education

Sponsors (6)

Last Action

House Second Readers (on 02/11/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...