Establishes the Charter School Direct Loan Program and the Charter School Credit Enhancement Program within the West Virginia Economic Development.

This bill establishes the Charter School Direct Loan Program and the Charter School Credit Enhancement Program within the West Virginia Economic Development Authority. The direct loan program aims to meet charter school building construction and renovation needs, and to pay for expenses related to the startup of a new charter school, the expansion of an existing charter school, or other conditions. The credit enhancement program assists in financing charter school initiatives. The authority can issue bonds, set interest rates, and establish repayment terms.

Establishes the Charter School Direct Loan Program and the Charter School Credit Enhancement Program within the West Virginia Economic Development.

This bill establishes the Charter School Direct Loan Program and the Charter School Credit Enhancement Program within the West Virginia Economic Development Authority. The direct loan program aims to meet charter school building construction and renovation needs, and to pay for expenses related to the startup of a new charter school, the expansion of an existing charter school, or other conditions. The credit enhancement program assists in financing charter school initiatives. The authority can issue bonds, set interest rates, and establish repayment terms.