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Glossary of Legislative Terms

SB 1690: Charter School Revolving Loan Program

GENERAL BILL by Diaz

Charter School Revolving Loan Program; Establishing the program for a specified purpose; providing that funding for the program shall consist of specified funds; requiring the Department of Education to contract with a third-party administrator to administer the program; requiring all loan documents to include specified language and be expressly agreed to by the third-party administrator and loan recipients; requiring the third-party administrator to electronically provide copies of certain loan documents to the department; requiring all repayments of principal and interest to be returned to the loan fund and made available for loans to other applicants, etc. APPROPRIATION: $10,000,000

Effective Date: 7/1/2022
 Last Action: 3/14/2022 Senate - Died in Appropriations Subcommittee on Education
Bill Text: Web Page | PDF
Senate Committee References:
  1. Education (ED)
  2. Appropriations Subcommittee on Education (AED)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
1/6/2022 Senate • Filed
1/12/2022 Senate • Referred to Education; Appropriations Subcommittee on Education; Appropriations -SJ 145
1/18/2022 Senate • Introduced -SJ 145
1/27/2022 Senate • On Committee agenda-- Education, 02/01/22, 1:00 pm, 412 Knott Building
2/1/2022 Senate • Favorable by Education; YEAS 7 NAYS 2 -SJ 242
2/2/2022 Senate • Now in Appropriations Subcommittee on Education
3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
3/14/2022 Senate • Died in Appropriations Subcommittee on Education