Oklahoma HB3372 establishes a Revolving Loan Fund Program for charter school capital expenditures and a Charter School Bond Credit Enhancement.

Oklahoma HB3372 creates the Revolving Loan Fund Program for Charter School Capital Expenditures, managed by the Statewide Charter School Board, to provide loans for charter school capital projects. The bill also establishes the Charter School Bond Credit Enhancement Program to assist charter schools in obtaining favorable financing on bonds for facility expenditures. The Statewide Charter School Board is authorized to set interest rates on loans and requires participating charter schools to maintain a restricted debt service reserve account.

Oklahoma HB3372 establishes a Revolving Loan Fund Program for charter school capital expenditures and a Charter School Bond Credit Enhancement.

Oklahoma HB3372 creates the Revolving Loan Fund Program for Charter School Capital Expenditures, managed by the Statewide Charter School Board, to provide loans for charter school capital projects. The bill also establishes the Charter School Bond Credit Enhancement Program to assist charter schools in obtaining favorable financing on bonds for facility expenditures. The Statewide Charter School Board is authorized to set interest rates on loans and requires participating charter schools to maintain a restricted debt service reserve account.