SENATE BILL 1042
RS30092 / S1042
Charter schools are public schools supported by taxpayer dollars. To help qualifying, well-established charter schools obtain lower interest rates on bonds, the legislature created a financing tool known as a credit enhancement. This tool has proven exceptionally effective, saving the state and public charter schools millions in interest payments, and ensuring more taxpayer dollars stay in Idaho’s classrooms. However, the tool has reached its initial statutory cap. This bill would amend the existing statute to raise the cap on the overall capacity of the tool, so that more qualifying schools may apply to participate. Additionally, it would allow schools that serve 100% at-risk students to apply to use the tool even if they do not meet the academic performance criteria required of other schools, as long as they meet all other eligibility criteria.
There is no impact on the general fund because the tool has already been established. This would simply allow more eligible schools to participate.
| Date | Description |
|---|---|
| 02/02 | Introduced; read first time; referred to JR for Printing |
| 02/03 | Reported Printed; referred to Education |
| 02/17 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 02/20 | Read second time; filed for Third Reading |
| 02/21 | Referred to 14th Order for amendment |
| 02/23 | Placed in the Committee of the Whole |
| Reported out without recommendation, as amended | |
| Amendments ordered printed; referred for engrossment | |
| 02/24 | Amendments reported printed |
| Reported engrossed, filed for first reading, as amended | |
| Read first time as amended, filed for Second Reading | |
| 02/27 | Read second time as amended, filed for Third reading |
| 03/06 | Read third time in full as amended – PASSED - 33-0-2 AYES – Adams, Anthon, Bernt, Bjerke, Cook, Den Hartog, Dunn(Carlson), Foreman, Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, Ward-Engelking, Winder, Wintrow, Zuiderveld NAYS – None Absent and excused – Burtenshaw, VanOrden Floor Sponsor - Den Hartog Title apvd - to House |
| 03/07 | Received from the Senate, Filed for First Reading |
| Read First Time, Referred to Education | |
| 03/13 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 03/14 | Read second time; Filed for Third Reading |
| 03/15 | U.C. to place at bottom of third reading calendar one legislative day |
| U.C. to hold place on third reading calendar one legislative day | |
| 03/16 | Read Third Time in Full – PASSED - 68-1-1 AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew, 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(Woodings), McCann, Mendive, Mickelsen, Mitchell, Monks, Nash, 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 – Berch Absent – Miller Floor Sponsor - Horman Title apvd - to Senate |
| 03/17 | Returned From House Passed; referred to enrolling |
| Reported enrolled; signed by President; to House for signature of Speaker | |
| 03/20 | Received from Senate; Signed by Speaker; Returned to Senate |
| Reported signed by the Speaker & ordered delivered to Governor | |
| 03/21 | Reported delivered to Governor at 8:58 a.m. on 03/21/23 |
| 03/23 | Signed by Governor on 03/22/23 Session Law Chapter 118 Effective: 07/01/2023 |