OK HB3372

Creates the Revolving Loan Fund Program for Charter School Capital Expenditures, managed by the Statewide Charter School Board with a third-party financial administrator, to provide low-interest loans and loan guarantees for charter school land purchases, facility construction, renovation, and capital improvements

Establishes the Charter School Bond Credit Enhancement Program with a $250 million cap on aggregate outstanding principal, allowing qualifying charter schools to issue bonds for facility expenditures with State Aid intercept provisions to secure debt payments

Requires participating charter schools to maintain a 12-month debt service reserve account and pay a one-time fee of 0.5% of par at issuance plus an annual fee of 0.075% on outstanding balance

Removes the prohibition on charter schools issuing bonds while clarifying bonds are special obligations payable from charter school revenues and legislative appropriations, not state indebtedness

Restricts eligibility to full-time, in-person charter schools in good standing that have not received an "F" grade, severe audit findings, or accreditation warnings within the preceding three years; effective November 1, 2026