FL H0913

Creates the Charter School Revolving Loan Program (s. 1002.336, F.S.) to help charter school operators finance school building and facilities projects, funded by legislative appropriations, philanthropic contributions, loan repayments, and interest earned.

Requires the Department of Education to contract with a third-party administrator that has experience managing a loan fund rated "A" or higher, expertise in underwriting charter school loans, and the ability to leverage state funds to produce a 900% increase in capital.

Loans do not imply the full faith and credit of the state or any guarantee of creditworthiness, project viability, or ability to repay; this disclaimer must be included in all loan documents and expressly agreed to by both parties.

Requires the Department of Education to post on its website information on funded projects, their geographic distribution, project status, program costs, and student outcomes at recipient charter schools.

Appropriates $20 million in nonrecurring General Revenue funds for the 2023-2024 fiscal year to establish the program, with all principal and interest repayments recycled back into the loan fund for future applicants. Effective July 1, 2023.