CO SB157

Increases the aggregate outstanding principal amount of qualified charter school bonds eligible for state debt service reserve fund appropriations from $500 million to $750 million.

Modifies Colorado Revised Statutes 22-30.5-408(2)(a) to change the language from "shall not be required to" to "IS NOT required to" appropriate money for debt service reserve fund restoration.

Clarifies that the General Assembly retains discretion to appropriate funds for charter school debt service reserve restoration but is not obligated to do so.

Takes effect 12:01 a.m. on the day following the 90-day period after final adjournment of the General Assembly, subject to potential referendum petition and voter approval in November 2022.