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HB 1824 (2026)

Establish loans for public schools in financial distress

This bill is still active.

Last updated 2026-01-29 2:47 pm
Summary:

Establishes a School District Adequacy Revolving Loan Fund, which would allow the state to loan school districts up to 75% of their anticipated state school funding in a year. The state treasurer would set the interest rate. The bill also allows the Department of Education to enter loan agreements with financially insolvent school districts. The bill also allows municipalities to provide financially insolvent school districts with assistance from existing municipal funds.

Bill Sponsor:
Hope Damon
Democratic party logo
Status:
HOUSE
Public Hearing Date:
01/27/2026 11:30 am
Public Hearing Location:
GP Room 234
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