Establishes a New York state education equity fund; authorizes the dormitory authority of the state of New York (DASNY) to invest $75 million in a.

The bill establishes a New York state education equity fund. It authorizes the dormitory authority of the state of New York (DASNY) to invest $75 million in a public-private partnership revolving loan fund. This fund will provide loan financing to cover capital costs for the construction and improvements of public charter schools. Capital costs include financing, refinancing, leasing, planning, design, construction, reconstruction, rehabilitation, improvement, furnishing, and equipping of facilities.

Establishes a New York state education equity fund; authorizes the dormitory authority of the state of New York (DASNY) to invest $75 million in a.

The bill establishes a New York state education equity fund. It authorizes the dormitory authority of the state of New York (DASNY) to invest $75 million in a public-private partnership revolving loan fund. This fund will provide loan financing to cover capital costs for the construction and improvements of public charter schools. Capital costs include financing, refinancing, leasing, planning, design, construction, reconstruction, rehabilitation, improvement, furnishing, and equipping of facilities.