MN HF2268

Authorizes the Commissioner of Management and Budget to issue appropriation bonds (up to a specified amount) to finance acquisition, construction, renovation, and equipping of charter school facilities, with proceeds credited to a special charter facilities bond proceeds fund.

Creates the Charter School Facilities Authority as a seven-member state agency (five appointed by governor with Senate consent, plus commissioners of management/budget and education) to review applications and determine which charter schools qualify to purchase, renovate, or construct facilities financed through bond issuance.

Establishes appropriation bonds payable from charter school facilities aid under section 124E.22 and long-term maintenance revenue under section 123B.595, with no pledge of state's full faith and credit; bonds are canceled if legislature fails to appropriate sufficient debt service funds based on February forecasts.

Requires qualified charter schools to directly own facilities financed through the authority (with exceptions for bonds issued before May 31, 2019); transfers facilities to state ownership after creditor satisfaction if school closes.

Repeals the prohibition on charter schools using state money to purchase land or buildings, allowing state-financed facility acquisition through the new authority structure.