Charter school funding
EDUCATION – Amends existing law to require the superintendent of public instruction to authorize funding from the Public Charter School Revolving Loan Fund upon the approval of the Idaho Housing and Finance Association.

RS31016C1 / H0529

The Public Charter School Revolving Loan Fund was established July 1, 2023, after S1043 became law. The purpose of the law is to provide new public charter schools with a zero percent interest loan of up to $2.5 million to assist the schools with facility acquisition, construction or renovation. The Idaho Housing and Finance Association (IHFA) administers the loan. Upon implementation, it was discovered that a technical correction needed to be made to the statute. The State Treasurer needs to direct that funds from the public charter school revolving loan fund be withdrawn and distributed to the school upon certification by IHFA that school meets the loan requirements. This proposed legislation includes that correction. This amendment is needed because IHFA does not have authority to withdraw and distribute funds from the public charter school revolving loan fund.

There is no fiscal impact to the state because this legislation only provides a necessary administrative step for implementing the already established public charter school revolving loan fund.

Bill Events
Date Description
02/09 Introduced, read first time, referred to JRA for Printing
02/12 Reported Printed and Referred to Education
02/14 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
02/15 Read second time; Filed for Third Reading
02/16 U.C. to hold place on third reading calendar until Monday, February 19, 2024
02/19 Read Third Time in Full – PASSED - 70-0-0
AYES – Achilles, Alfieri, Allgood, Andrus, Barbieri, Berch, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker
NAYS – None
Absent – None
Floor Sponsor - Horman
Title apvd - to Senate
02/20 Received from the House passed; filed for first reading
02/20 Introduced, read first time; referred to: Education
02/29 Reported out of Committee with Do Pass Recommendation; Filed for second reading
03/01 Read second time; filed for Third Reading
03/12 Read third time in full – PASSED - 35-0-0
AYES – Adams, Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews(Toews), Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – None
Floor Sponsor - Den Hartog
Title apvd - to House
03/13 Returned from Senate Passed; to JRA for Enrolling
03/13 Reported Enrolled; Signed by Speaker; Transmitted to Senate
03/14 Received from the House enrolled/signed by Speaker
03/14 Signed by President; returned to House
03/14 Returned Signed by the President; Ordered Transmitted to Governor
03/15 Delivered to Governor at 2:30 p.m. on March 14, 2024
03/19 Reported Signed by Governor on March 18, 2024
Session Law Chapter 43
Effective: 03/18/2024