Law
Public charter school loan fund
CHARTER SCHOOLS – Repeals and adds to existing law to remove the Public Charter School Debt Reserve Fund and to provide for a revolving loan fund.

RS30094 / S1043

Charter schools are public schools supported by taxpayer dollars, but unlike many other states, they do not receive state startup dollars. Moreover, public charter schools do not issue taxpayer-backed bonds. With so little access to initial capital, public charter schools are left with limited and expensive options for facility financing in their early years. This bill would create a revolving loan fund to help new and young public charter schools obtain lower interest rates on loans, so more taxpayer dollars stay in the classroom instead of being redirected toward high-interest facility loans.

Bill Events
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
02/28 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, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – None
Floor Sponsor - Den Hartog
Title apvd - to House
03/01 Received from the Senate, Filed for First Reading
Read First Time, Referred to Education
03/03 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
03/07 Read second time; Filed for Third Reading
03/08 U.C. to hold place on third reading calendar one legislative day
03/09 U.C. to hold place on third reading calendar one legislative day
03/13 U.C. to hold place on third reading calendar one legislative day
03/14 Read Third Time in Full – PASSED - 66-3-1
AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Cannon, Cheatum, Chew, Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Miller, 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, Burns, Gannon
Absent – Mickelsen
Floor Sponsor - Clow
Title apvd - to Senate
03/15 Returned From House Passed; referred to enrolling
Reported enrolled; signed by President; to House for signature of Speaker
03/16 Received from Senate; Signed by Speaker; Returned to Senate
Reported signed by the Speaker & ordered delivered to Governor
03/17 Reported delivered to Governor at 8:15 a.m. on 03/17/23
03/23 Signed by Governor on 03/22/23
Session Law Chapter 117
Effective: 07/01/2023
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