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Legislative Year: 2021 Change
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Bill Detail: SB21-157

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Title Increase Cap Charter School Moral Obligation Bonds
Status Governor Signed (04/15/2021)
Bill Subjects
  • Capital Construction
  • Education & School Finance (Pre & K-12)
House Sponsors D. Michaelson Jenet (D)
M. Baisley (R)
Senate Sponsors K. Priola (R)
House Committee Education
Senate Committee Education
Date Introduced 03/01/2021
Summary

Under current law, if the Colorado educational and cultural
facilities authority has issued qualified charter school bonds for a charter
school that fails to immediately restore its qualified charter school debt

service reserve fund (reserve fund) to the applicable reserve fund
requirement, the general assembly may, but is not required to, appropriate
money to restore any or all reserve fund requirements. The general
assembly may appropriate money to restore reserve fund requirements for
an aggregate outstanding principal amount of bonds not to exceed $500
million. The bill increases the cap for the aggregate outstanding principal
amount of qualified charter school bonds for which the general assembly
may restore reserve fund requirements to $750 million.

Committee Reports
with Amendments
Full Text
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Fiscal Notes Fiscal Notes (03/16/2021) (most recent)  
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