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CO SB139

Bill

Official Source

Status

Introduced

1/27/2014

Primary Sponsor

Mark Scheffel

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Appropriates $3 million from the state education fund to the state charter school debt reserve fund on July 1, 2014
  • Requires investment earnings on the state charter school debt reserve fund to be credited to the fund itself rather than to the state education fund, effective July 1, 2014
  • Increases the minimum balance that must be maintained in the state charter school debt reserve fund from $1 million to $4 million
  • Increases the maximum limit of the state's "moral obligation" to support charter school bonds issued by the Colorado educational and cultural facilities authority from $400 million to $500 million
  • Ensures charter schools can finance capital construction on more favorable terms through expanded state financing mechanisms

Legislative Description

Enhance Charter School Capital Constr Financing

Last Action

Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely

3/12/2014

Committee Referrals

State, Veterans, & Military Affairs1/27/2014

Full Bill Text

No bill text available