WV SB1051

Creates the Charter School Revolving Loan Fund in the State Treasury to provide low-interest loans for public charter school facility projects, including acquisition, renovation, or construction of school buildings

Loan repayments are recycled back into the fund to support future projects, with any remaining balance and accrued interest retained in the fund rather than reverting to General Revenue

Requires the Professional Charter School Board to promulgate rules by June 1, 2026, establishing application requirements, loan terms, repayment periods, and interest rates limited to covering administrative costs

Initial loans from the fund must be distributed during fiscal year 2027, subject to legislative appropriation

Grants the Professional Charter School Board authority to promulgate, adopt, amend, or repeal rules and includes the Board in the definition of "agency" under the State Administrative Procedures Act