Legislative Session number- 81

Bill Name: SF0146

Relating to education; increasing the maximum contract term for charter schools;
authorizing the commissioner of children, families and learning to make capital
loans to charter schools completing a certain minimum number of years of
operation to acquire and better public land and buildings, specifying a loan
limit and requiring and providing for sponsor proposal review and comment by the
commissioner, specifying certain predesign package requirements and certain
positive review and comment conditions, authorizing a negative review and
comment under certain conditions; prescribing capital loan application
procedures, resolution requirements; requiring and providing for review of
applications receiving a positive review and comment by the state board of
education; specifying certain commissioner notice and reporting requirements;
requiring legislative approval of the loans, canceling loan applications not
approved; specifying certain contract requirements; providing for disbursement
of and payment of principal and interest on the loans; creating a charter school
capital loan account, providing for the deposit of money into the account and
restricting the amount allowed to be paid from the account annually for
administrative costs; appropriating money from the bond proceeds fund to the
commissioner for transfer to the capital loan account, approving loans to
certain charter schools and authorizing the issuance of state bonds (rla)