Loading chat...
CO SB132
Bill
AI Summary
-
Expands qualified bond issuers from Colorado Educational and Cultural Facilities Authority (CECFA) only to any state agency, authority, or political subdivision of the state
-
Increases annual payments to state treasurer from 10 basis points to 15 basis points for bonds issued on or after July 1, 2011, for the first 15 years; reduces to 10 basis points thereafter
-
Increases maximum aggregate outstanding principal amount of bonds eligible for state replenishment from $400 million to $500 million
-
Transfers reporting and principal tracking responsibilities from CECFA to state treasurer, who may hire a contractor and charge administrative fees to charter schools
-
Allows commissioner of education to suspend charter revocation or nonrenewal for up to 120 days for schools with bond financing to explore alternatives with state treasurer, commissioner, and bond issuer
Legislative Description
Charter School Cap Constr Financing
Last Action
Senate Committee on State, Veterans & Military Affairs Postpone Indefinitely
2/16/2011