Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would allow for refunding or refinanced bonds issued by an open-enrollment charter school to be guaranteed by the Permanent School Fund through the bond guarantee program, up to one-half of the total amount available for the guarantee of charter district bonds.
Local Government Impact
Open-enrollment charter schools refunding or refinancing bonds would be able to seek the bond guarantee for those bonds and could experience savings related to reduced interest costs.