GA HB1253

Establishes the Georgia Charter School Facilities Authority, a 15-member body including the State School Superintendent, State Board of Education chairperson, state auditor, and nine members appointed by the Governor, President of the Senate, and Speaker of the House

Authorizes the authority to provide revolving loans and other financing assistance to qualified charter school organizations for constructing, renovating, and rehabilitating educational facilities including classrooms, libraries, cafeterias, and career/technical labs (excluding swimming pools, tracks, and stadiums)

Caps project loans at the lesser of 20% of project total or $2 million, with renovation/modernization projects limited to $200,000; loan terms cannot exceed the charter agreement expiration date or five years

Amends the Georgia State Financing and Investment Commission Act to authorize general obligation bonds for charter school educational facilities, adding charter schools to the existing framework for county and independent school system facilities

Assigns the authority to the Department of Education for administrative purposes, grants it tax-exempt status on property and income, and provides liability protection for members and employees acting within their authority