Texas HB620 establishes a financial assistance program for charter school facilities.
HB620 amends the Education Code to create a financial assistance program for charter school facilities. The program, developed and implemented by the commissioner, provides financial support to charter holders for constructing or acquiring adequate facilities. Assistance may include forgivable loans, loan guarantees for schools operating for five years, and help in securing loans from private lenders. The Act takes effect September 1, 2025.
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