- District 25
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.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Passed - No Amendments
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
|Bill Text Versions||Format|
|Signed Act (04/15/2021)|
|Final Act (04/07/2021)|
|Fiscal Note FN1 (03/16/2021)|
Data on Open States is updated nightly from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.