ID H0529

Establishes the Public Charter School Revolving Loan Fund in the state treasury to assist qualifying charter schools in obtaining financing for facility purchases, improvements, and construction.

Designates the Idaho Housing and Finance Association as the loan issuer and requires it to establish guidelines and procedures for application, approval, allocation, and repayment of loans.

Requires eligible charter schools to obtain commitment letters from financial institutions, demonstrate minimum $1,000,000 in grant support, maintain debt service coverage greater than 1.20x, and be in preopening or first/second year of operation.

Sets maximum loan amount at $2,500,000 per school on a first-come, first-served basis and requires schools to direct state education payments directly to lenders before receiving remaining funds.

Imposes a one-time fee of 0.5% of loan amount at issuance and annual fees up to 30 basis points of principal to cover administration costs.