FL S0964

Establishes the Charter School Revolving Loan Program to provide financing assistance to charter school operators for building and facility projects.

Program funding consists of legislative appropriations, philanthropic contributions, loan repayments, and interest earned; requires Department of Education to contract with a third-party administrator meeting specified qualifications including "A" credit rating and ability to leverage state funds by 900 percent or more.

Loans do not represent state guarantee, credit worthiness endorsement, or full faith and credit of the state; third-party administrator has sole discretion in providing loans.

Requires all loan documents to include disclaimer language and be provided electronically to the department; department must post project information, geographic distribution, status, program costs, and student outcomes on its website.

Appropriates $20 million in nonrecurring General Revenue Fund for fiscal year 2023-2024 to establish the program; all loan repayments return to fund for future loans and interest may cover administrative costs.